Excess Combo — First-Hour Excess + MTF Candles + Early Shift

Excess Combo — First-Hour Excess + MTF Candles + Early Shift

What it does

This indicator blends three ideas to flag high-quality inflection points on the 15-minute chart:

Module A — First-Hour Excess (intraday open 09:30–10:30):
Spots “excess” candles in the opening hour (bullish excess low / bearish excess high), with optional gap filters and size/close geometry checks.

Module B — MTF Candle Patterns (Pin/Engulf/Outside):
Detects momentum candles with ATR-aware size floors and session gating. Priority is Engulf → Outside → Pin.

Module C — Early Shift Labels (15m, Excess-only):
Prints early “Shift” triangles when structure flips:

Proximity rule: a new excess on one side forms within X% of Daily ATR of the opposite side’s recent excess average.

Close-cross rule: the excess bar closes beyond the latest opposite excess level.
Includes same-direction cooldown, optional cross-direction cooldown, and daily reset of cooldowns so each session starts fresh. Shift markers are plotted as triangle shapes so they stay glued to bars (won’t float when you pan/zoom).

Visuals

Gold triangles = 2+ confirmations across modules (consensus).

Green/Red triangles = individual Module A/B signals (when not in gold).

“Shift” triangles (green up / red down) = early structure flips from Module C.

All shapes anchor to the bar (location=belowbar/abovebar) to remain fixed when scaling the chart.

Key Inputs (high level)

Module A: gap requirement (percent or Daily ATR), min range ≥ ATR, min wick, close fraction, cooldown.

Module B: enable Pin/Engulf/Outside, ATR size floors per timeframe, RTH session gating, cooldown.

Module C:

Opposite-side lookback (N): average of last N opposite excess levels.

Distance threshold (%ADR): how close an excess must be to the opposite band to count early.

Extra buffer (ticks): small price padding.

Same-direction cooldown (bars): throttle repeated signals same way.

Cross-direction cooldown (bars): throttle flip-flop whipsaws.

Daily reset: cooldowns reset at each new trading day.

How to Use

Apply on a 15-minute chart.

Use Gold signals for higher-confidence moves and Shift labels to catch earlier momentum turns.

Tighten or loosen %ADR to control how early “Shift” triggers:

Smaller %ADR = earlier, more frequent;

Larger %ADR = stricter, fewer signals.

If you see rapid flip-flops, increase same-direction and/or cross-direction cooldowns.

Non-Repainting

Daily references (close/ATR) are pulled with lookahead_off.

Signals are calculated on the current timeframe’s bar close (or live if you enable it).

Shapes are plotted relative to the bar, so they don’t reposition during zoom/pan.

Notes & Tips

Module C uses only excess events (Module A first-hour + Module B Pin).

By default, the proximity rule uses average of last N opposite excesses; close-cross uses the latest opposite level for precision.

Want pure intraday context? Clear yesterday’s structure by enabling daily resets (cooldowns already reset daily; array reset can be added if desired).

Changelog (highlights)

Added early Shift detection (proximity + close-cross).

Added same-direction and cross-direction cooldowns with daily reset.

Shift markers converted to triangle shapes for anchor stability.

ATR/geometry safeguards and session gating refined.

Best for: intraday momentum traders who want fast structure cues (Shift) plus higher-conviction pattern/excess agreement (Gold).