NY Open Edge (NQ only)

📊 NY Open Edge - Session Direction Predictor

Predict NY session direction using backtested Asia-London pattern analysis

Based on 5 years of data (2021-2025, 1,283 trading days), this indicator analyzes overnight session relationships to predict
which direction the New York session will likely move first.

🎯 What It Does

Tracks Asia (8pm-2am ET) and London (2am-8am ET) session ranges, then at NY open (8am ET) it:

1. Classifies the pattern - How London interacted with Asia range
2. Checks NY open position - Above or below London midpoint
3. Displays probabilities - Statistical edge for high/low sweeps based on historical data

4 Pattern Types

- P1 - London Engulfs Asia: London range contains Asia range
- P2 - Asia Engulfs London: Asia range contains London range
- P3 - Partial Up (Bullish): London breaks above Asia high only
- P4 - Partial Down (Bearish): London breaks below Asia low only

💡 How To Use

Reading the Dashboard

The indicator displays:
- Pattern - Which of the 4 patterns occurred
- NY Open Position - ABOVE or BELOW London midpoint
- First High Sweep % - Probability of taking highs first
- First Low Sweep % - Probability of taking lows first
- Median Penetration - Typical point movement
- Failure Rate - How often both sides get swept (choppy sessions)
- Tier Classification - Reliability (Tier 1 = Best, Tier 3 = Risky)
- Sample Size - Historical occurrences

⚙️ Settings

- Display Options - Toggle session boxes, midlines, and dashboard
- Colors - Customize session colors and transparency
- Dashboard Theme - Dark (for dark charts) or Light (for light charts)
- Max Sessions - Memory management (10-150 sessions)
- Timezone - Default America/New_York (DST-aware)

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📋 Best Practices

✅ Is designed for NQ only!
✅ Use 5m-15m timeframes for clear session definitions
✅ Combine with your own analysis - this is a probability tool
✅ Focus on Tier 1 setups for highest win rates
✅ Respect the failure rate - high percentages suggest choppy sessions

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⚠️ RISK DISCLAIMER

THIS INDICATOR IS FOR EDUCATIONAL AND INFORMATIONAL PURPOSES ONLY

- NOT financial advice - Do not trade based solely on this indicator
- Past performance does not guarantee future results - Historical statistics may not reflect future market behavior
- Trading involves substantial risk of loss - Only trade with capital you can afford to lose
- Use proper risk management - Always use stop losses and appropriate position sizing
- Backtest limitations - Results based on historical data that may not repeat
- No guarantees - Probabilities are not certainties; markets can behave unpredictably

You are solely responsible for your trading decisions and outcomes.