Current Hourly Open Line with Sweep Detection

前天

This indicator marks out the high and low of the current hourly open candle.

Stats show, if the current hourly candle takes the high or low of the previous 1H candle there is a chance price returns to the hourly open depending on the time the sweep on the high or low occurred.

There is a high chance >75% price returns to hourly open of current candle if the sweep happens in the first 20 minutes.

There is a medium chance 50% price returns to hourly open of current candle if the sweep happens in the 20-40 minute range of the current candle.

There is a low 25% chance if sweep happens from :40-:59 minutes of the hour.

We use this to spot manipulation on the hourly timeframe, we only want to target hourly open if it happens in the first 20 minutes. We then want to trade in opposite direction of the first move of the hourly, w/ context of course.

The indicator / line will change colors based on the time the first sweep occurred. You can change them to how you want. For default, blue is just the hourly open with no sweep yet.

Green means go, and the sweep happens within the first 20 minutes, Yellow is medium chance, and Red is small chance.

前天

發行說明

Update for better detection