OPEN-SOURCE SCRIPT

Impulse Strategy Daily 9:00 AM

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📈 9:00 AM Daily Impulse Strategy (Pine Script v5)
This indicator is an automated script designed for TradingView that identifies high-probability breakout and reversal setups at the European market open (9:00 AM Paris time). It is purely based on market structure and price action, completely avoiding lagging indicators like RSI or MACD.

🔍 How It Works
The script analyzes the price action of the previous daily candlestick and confirms a directional momentum right before the 9:00 AM opening bell:

For a BUY Signal:

The previous daily candle must be bearish (Close < Open).

The current daily structure must show bullish validation (Current Close > Current Open AND Current Close > Previous Daily Close).

The trigger occurs precisely on the 9:00 AM candle.

For a SELL Signal:

The previous daily candle must be bullish (Close > Open).

The current daily structure must show bearish validation (Current Close < Current Open AND Current Close < Previous Daily Close).

The trigger occurs precisely on the 9:00 AM candle.

🛠️ Key Features
Multi-Timeframe Data Sourcing: It automatically fetches the required Higher Timeframe (Daily) data behind the scenes, so you don't have to switch charts.

Clean Visual Alerts: It plots explicit green "BUY" and red "SELL" labels directly on your chart at the exact execution time.

Candle Coloration: The specific 9:00 AM trigger candle changes color (Green/Red) to highlight the trade setup instantly.

💡 Recommendation for Users
To ensure the script triggers perfectly, it should be applied to intraday timeframes that have a candle opening exactly at 9:00 AM (such as the 15-minute, 30-minute, or 1-hour charts). It is highly optimized for volatile assets during the European open, including Gold, Silver, and major indices like the Dow Jones (Wall Street Cash).

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