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joshuuu
24 de Ago de 2023 17:51

Daye @joshuuu 

US 100Capital.com

Descrição

This indicator is based on Dayes studies about 90minute cycles and true opens.

Similar to how ICT teaches the true day open at 0.00, Daye came up with his true year, true month, true week and true session opens.

True Year - April 1st
True Month - 2nd Monday
True Week - Monday, 6pm
True Day - 12am (Midnight)
True Session - 1:30am (London), 7:30am (New York), 1:30pm (Afternoon)

Ideally, for a bearish scenario, we would like to see price trade above the opening price to then reverse and trade lower.
Ideally, for a bullish scenario, we would like to see price trade below the opening price to then reverse and trade higher.

The moves into the opposite direction are used my smart money to accumulate their positions and trap traders into wrong positions.


This indicator also shows 90 minutes cycles.
90min Cycle Cheat Sheet:

Q1. (A)ccumulation - Consolidation
Q2. (M)anipulation - Judas Swing (Trade this)
Q3. (D)istribution - LRLR (Trade this)
Q4. (X) - Continuation/Reversal of previous q.

Or

Q1. (X) - Continuation/Reversal of previous q.
Q2. (A)ccumulation - Consolidation
Q3. (M)anipulation - Judas Swing (Trade this)
Q4. (D)istribution - LRLR (Trade this)

This shows that if q1 consolidates and q2 takes out one side and reverses we anticipate q3 to have a strong move.
however, if q2 consolidates, we anticipate q3 to take out one side, reverse and then have a strong move in q4.

Notas de Lançamento

fixed true month open
automatically hides 90 mins cycles above hourly timeframe

Notas de Lançamento

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Comentários
itradelicks
Can you add the True Micro Session Open?
xe_
Hey josh! Thanks for the indicator but a few feedbacks:
1. The session timings are skewed on the 1m chart (e.g., 12am-1.46am for Q1, 1.46am-3.16am for Q2, 3.16am-4.46am for Q3, and 4.46am-6am for Q4)
2. True Month Open is 2nd Monday, 6pm of the month (as mentioned by Daye on one of his twitter space).

Nevertheless, thank you and much appreciation for the indicator!
Kyo672
Amazing indicator! Can you add the option to customize the line style & width?
heynexus
can i have this code thankyou.
gukkk
Hello Sir,
Thanks for providing this indicator.
Is there a way to keed TDO history on charts ?
Best regards.
WeInvestNCrypto
Is it possible to add historical data on chart?
ict_arg
Thank you so much for the indicator! I think it could be a great idea to have the possibilities to change the names of the titles, instead of True Year change for TY and tiny fonts.
k4l2o9en
Great indicator! Do you think you can add the true Asian open. Thank you very much
Shev21
the true year is incorrect please update. Its set to April 2, 18:00 Should be April 2, 00:00.
NeverWishing
Can't thank you enough for sharing this. Best non repainting indicators I've seen in 4 years of trading & your First FVG....sooo powerful just ruthless on indices.
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