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# MrRexo Setup v0.3.9
MrRexo Setup is a technical structure indicator designed to combine higher-timeframe bias, market structure, price gaps, fair value gaps, and band-based entry signals in one chart overlay.
The indicator is built for a dark, technical chart style and is intended to help traders read directional context, important previous-period levels, and potential liquidity or imbalance zones without switching between multiple tools.
## Main Features
- Daily, weekly, and monthly bias panel with compact directional arrows.
- Previous day, week, and month high/low levels: PDH, PDL, PWH, PWL, PMH, and PML.
- Break of Structure detection with BOS labels placed directly on structure lines.
- Fair Value Gap detection with configurable minimum size, colors, labels, and expiration.
- Price GAP detection with configurable minimum size, labels, expiration, and automatic partial consumption as price fills the gap.
- Distance and estimated closure probability for the nearest FVG and GAP in both directions.
- Fast and slow high/low moving average bands based on EMA, SMA, SMMA, or WMA.
- Optional entry signal labels based on band-cross and return-to-band conditions.
- Fully configurable colors for lines, boxes, labels, panel text, and backgrounds.
## Default Logic
The default setup uses 33/144 moving average bands and WMA for the band calculations. GAP detection starts from 150 ticks, while FVG detection starts from 80 ticks. GAP and FVG zones are extended to the right by default and expire after 14 days unless changed in the settings.
Entry signals are not restricted by trading session hours. They can appear at any time, while still respecting the configured spacing between signals, trend filter, consolidation filter, and enabled signal type.
## Notes
This indicator is not a strategy and does not place trades. It is a chart-analysis tool designed to support discretionary decision-making. All probability values are heuristic estimates based on distance and age of the zone, not statistical guarantees.
Use it together with your own market context, risk management, and trade validation process.
MrRexo Setup is a technical structure indicator designed to combine higher-timeframe bias, market structure, price gaps, fair value gaps, and band-based entry signals in one chart overlay.
The indicator is built for a dark, technical chart style and is intended to help traders read directional context, important previous-period levels, and potential liquidity or imbalance zones without switching between multiple tools.
## Main Features
- Daily, weekly, and monthly bias panel with compact directional arrows.
- Previous day, week, and month high/low levels: PDH, PDL, PWH, PWL, PMH, and PML.
- Break of Structure detection with BOS labels placed directly on structure lines.
- Fair Value Gap detection with configurable minimum size, colors, labels, and expiration.
- Price GAP detection with configurable minimum size, labels, expiration, and automatic partial consumption as price fills the gap.
- Distance and estimated closure probability for the nearest FVG and GAP in both directions.
- Fast and slow high/low moving average bands based on EMA, SMA, SMMA, or WMA.
- Optional entry signal labels based on band-cross and return-to-band conditions.
- Fully configurable colors for lines, boxes, labels, panel text, and backgrounds.
## Default Logic
The default setup uses 33/144 moving average bands and WMA for the band calculations. GAP detection starts from 150 ticks, while FVG detection starts from 80 ticks. GAP and FVG zones are extended to the right by default and expire after 14 days unless changed in the settings.
Entry signals are not restricted by trading session hours. They can appear at any time, while still respecting the configured spacing between signals, trend filter, consolidation filter, and enabled signal type.
## Notes
This indicator is not a strategy and does not place trades. It is a chart-analysis tool designed to support discretionary decision-making. All probability values are heuristic estimates based on distance and age of the zone, not statistical guarantees.
Use it together with your own market context, risk management, and trade validation process.
Nota Keluaran
v0.4.8Added all-time high level with configurable line and label.
Improved entry markers with compact L/S labels, vertical signal lines, tooltips, and configurable label placement.
Added FVG/GAP expiration and gap consumption behavior.
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.