OPEN-SOURCE SCRIPT
Terminator Session Extremes
Terminator Session Extremes — Summary
Purpose: An adaptive predictor that draws the likely daily High and Low on an intraday chart (built for 5m). It's a prediction/visualization tool, not a trade signal.
The core idea
You can't call both daily extremes at the open (~3% dead-on, we proved this). But the market usually prints one extreme early (the counter-trend side) and extends the other way. So the script waits for confirmation, then predicts each side differently.
How it works, step by step
1. Opening range (09:30–09:45) — tracks the first 15 minutes' high/low. No prediction locked yet.
2. Provisional band — while waiting, draws a faint dotted open ± (fraction × range forecast) zone as a placeholder guess (calibrated: 80% edges contain the day's extreme ~80% of the time).
3. Breakout (~09:50) — when price closes beyond the opening range, direction is confirmed, and it locks two lines:
- Locked extreme (solid, high-confidence) — the counter-trend extreme (the low if it broke up, the high if it broke down). This is the accurate side: it's the day's true extreme ~57% exactly / 62% within ±10 pts on real MNQ.
- Extension estimate (dashed, rough) — the other side, projected as locked ± 2.2 × opening-range size (a measured move; MAPE ~30%).
4. Self-correct — if price later breaks the opposite side of the opening range (a failed breakout/reversal), it flips direction and re-locks the lines. Fixes the ~39% of reversal days, so accuracy climbs through the session (55%→78%).
5. Alert fires on each lock / re-lock.
Purpose: An adaptive predictor that draws the likely daily High and Low on an intraday chart (built for 5m). It's a prediction/visualization tool, not a trade signal.
The core idea
You can't call both daily extremes at the open (~3% dead-on, we proved this). But the market usually prints one extreme early (the counter-trend side) and extends the other way. So the script waits for confirmation, then predicts each side differently.
How it works, step by step
1. Opening range (09:30–09:45) — tracks the first 15 minutes' high/low. No prediction locked yet.
2. Provisional band — while waiting, draws a faint dotted open ± (fraction × range forecast) zone as a placeholder guess (calibrated: 80% edges contain the day's extreme ~80% of the time).
3. Breakout (~09:50) — when price closes beyond the opening range, direction is confirmed, and it locks two lines:
- Locked extreme (solid, high-confidence) — the counter-trend extreme (the low if it broke up, the high if it broke down). This is the accurate side: it's the day's true extreme ~57% exactly / 62% within ±10 pts on real MNQ.
- Extension estimate (dashed, rough) — the other side, projected as locked ± 2.2 × opening-range size (a measured move; MAPE ~30%).
4. Self-correct — if price later breaks the opposite side of the opening range (a failed breakout/reversal), it flips direction and re-locks the lines. Fixes the ~39% of reversal days, so accuracy climbs through the session (55%→78%).
5. Alert fires on each lock / re-lock.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.