OPEN-SOURCE SCRIPT
MGC1! Sniper Levels [NY Midnight + PDH/PDL + VWAP]
This script, titled "MGC1! Sniper Levels [NY Midnight + PDH/PDL + VWAP]," is a specialized institutional-grade technical indicator designed for intraday trading on Micro Gold (MGC1!) futures. It merges Time & Price theory with Statistical Volatility to create a comprehensive roadmap for high-probability "Sniper" entries.
Core Technical Components
NY Midnight Pivot: Automatically identifies and plots the New York Midnight opening price. This level serves as the "True Open" for the daily session, helping traders determine whether the market is in a Premium or Discount zone relative to the daily start.
Previous Day Structure (PDH/PDL): Displays the Previous Day’s High and Low using a background security call. These levels are primary targets for Liquidity Sweeps (trapping retail traders) before a reversal occurs.
Advanced Session VWAP: Calculates the Volume Weighted Average Price starting from the session open. Unlike a standard moving average, VWAP represents the true fair value based on actual capital commitment.
Standard Deviation Extensions (SD 1, 2, 3): Plots three layers of volatility bands based on the variance of price and volume.
SD1 & SD2: Act as dynamic support and resistance within normal market conditions.
SD3 (Extreme Zones): Highlights the "Extreme Long" and "Extreme Short" zones, representing areas where 99.7% of price action is statistically contained, often leading to sharp mean-reversion moves.
Key Features & Interface
Customizable Labels: Includes a specific toggle to show or hide Standard Deviation labels. This allows for a cleaner chart when focusing on ICT/SMC price action while maintaining the colored "Zones" for visual context.
Real-Time Vignettes: High-contrast labels appear at the right edge of the price action, providing the exact numerical value of every key level (VWAP, PDH, NY Midnight) for immediate order execution.
Previous VWAP Close: Plots the final VWAP value from the prior session. This level often acts as a magnetic "fair value" target during the current session's open.
Strategic Trading Application
The script is built for the Gold Sniper MGC1! persona to identify "Smart Money" reversals. A typical setup involves waiting for price to reach an SD3 Extreme Zone that coincides with the PDH or PDL. Once the price "sweeps" these levels and shows a Market Structure Shift (MSS) back toward the VWAP, a high-probability trade is triggered.
Core Technical Components
NY Midnight Pivot: Automatically identifies and plots the New York Midnight opening price. This level serves as the "True Open" for the daily session, helping traders determine whether the market is in a Premium or Discount zone relative to the daily start.
Previous Day Structure (PDH/PDL): Displays the Previous Day’s High and Low using a background security call. These levels are primary targets for Liquidity Sweeps (trapping retail traders) before a reversal occurs.
Advanced Session VWAP: Calculates the Volume Weighted Average Price starting from the session open. Unlike a standard moving average, VWAP represents the true fair value based on actual capital commitment.
Standard Deviation Extensions (SD 1, 2, 3): Plots three layers of volatility bands based on the variance of price and volume.
SD1 & SD2: Act as dynamic support and resistance within normal market conditions.
SD3 (Extreme Zones): Highlights the "Extreme Long" and "Extreme Short" zones, representing areas where 99.7% of price action is statistically contained, often leading to sharp mean-reversion moves.
Key Features & Interface
Customizable Labels: Includes a specific toggle to show or hide Standard Deviation labels. This allows for a cleaner chart when focusing on ICT/SMC price action while maintaining the colored "Zones" for visual context.
Real-Time Vignettes: High-contrast labels appear at the right edge of the price action, providing the exact numerical value of every key level (VWAP, PDH, NY Midnight) for immediate order execution.
Previous VWAP Close: Plots the final VWAP value from the prior session. This level often acts as a magnetic "fair value" target during the current session's open.
Strategic Trading Application
The script is built for the Gold Sniper MGC1! persona to identify "Smart Money" reversals. A typical setup involves waiting for price to reach an SD3 Extreme Zone that coincides with the PDH or PDL. Once the price "sweeps" these levels and shows a Market Structure Shift (MSS) back toward the VWAP, a high-probability trade is triggered.
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開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。