OPEN-SOURCE SCRIPT
MNQ - 5M
MNQ - 5M | Institutional Edge & Opening Range Academy
Overview
The MNQ - 5M is a high-precision execution and educational tool specifically engineered for the Micro E-mini Nasdaq-100 (MNQ). Designed for the trader who values clarity over noise, this script automates the New York 5-Minute Opening Range strategy, integrating institutional confluences like Anchored VWAP, Golden Zone Fibonacci, and CVD-based Volume Analysis.
Key Features
Automatic 5M Opening Range: Automatically plots the high and low of the 9:30 AM NY candle with a clean, semi-transparent design.
Dual-Trend Alignment: Features a built-in 1H Master Trend filter to ensure you only trade in the direction of the institutional flow.
Golden Zone Detection: Identifies high-probability retracement areas between the 38.2% and 78.6% Fibonacci levels.
Institutional Confluences: Integrates EMA 200 (Major Trend), EMA 89 (Dynamic Support), and Anchored VWAP starting exactly at the opening bell.
Smart Execution Labels: Clear BUY and SELL signals that only appear when price action, volume (CVD), and safety filters (1.5 ATR) align.
Anti-Saturation Logic: Limited to 2 high-probability signals per trend to promote discipline and prevent overtrading.
How to Use
Preparation: Watch for the Blue Opening Range box at 9:30 AM NY time.
Wait for the Hook: Look for price to break the range and pull back to a confluence zone (EMA, VWAP, or Golden Zone).
Execution: Enter when the "BUY" or "SELL" label appears alongside an engulfing or rejection candle.
Risk Management: The built-in 1.5 ATR filter warns you if you are too close to a major EMA "wall."
Technical Settings
EMA 200: Black (Thickness 4) - The Trend Anchor.
EMA 89: Sky Blue (Thickness 1) - Dynamic Support.
VWAP: Purple (Thickness 3) - Institutional Baseline.
Overview
The MNQ - 5M is a high-precision execution and educational tool specifically engineered for the Micro E-mini Nasdaq-100 (MNQ). Designed for the trader who values clarity over noise, this script automates the New York 5-Minute Opening Range strategy, integrating institutional confluences like Anchored VWAP, Golden Zone Fibonacci, and CVD-based Volume Analysis.
Key Features
Automatic 5M Opening Range: Automatically plots the high and low of the 9:30 AM NY candle with a clean, semi-transparent design.
Dual-Trend Alignment: Features a built-in 1H Master Trend filter to ensure you only trade in the direction of the institutional flow.
Golden Zone Detection: Identifies high-probability retracement areas between the 38.2% and 78.6% Fibonacci levels.
Institutional Confluences: Integrates EMA 200 (Major Trend), EMA 89 (Dynamic Support), and Anchored VWAP starting exactly at the opening bell.
Smart Execution Labels: Clear BUY and SELL signals that only appear when price action, volume (CVD), and safety filters (1.5 ATR) align.
Anti-Saturation Logic: Limited to 2 high-probability signals per trend to promote discipline and prevent overtrading.
How to Use
Preparation: Watch for the Blue Opening Range box at 9:30 AM NY time.
Wait for the Hook: Look for price to break the range and pull back to a confluence zone (EMA, VWAP, or Golden Zone).
Execution: Enter when the "BUY" or "SELL" label appears alongside an engulfing or rejection candle.
Risk Management: The built-in 1.5 ATR filter warns you if you are too close to a major EMA "wall."
Technical Settings
EMA 200: Black (Thickness 4) - The Trend Anchor.
EMA 89: Sky Blue (Thickness 1) - Dynamic Support.
VWAP: Purple (Thickness 3) - Institutional Baseline.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.