Indicator: Trading the Open – Consecutive bars

Here is an indicator which highlights if the first 3 bars are in the same direction.

You can use it to research opening strategies.

https://www.tradingview.com/script/REFsuZkY-Open-CSC-Bars-V1/

Strategies to consider:

– How often does the first move fail? 50%

– How to get in?

One way is to put a 3-Split Fib on the last. Bar (if strong) or the whole set (if overlapping)

Currently researching the impact of this on the 15min chart on ES, FTSE and DAX opens.

Enjoy.

Z

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I’m Tim

Welcome to Zen Trading Tech.

I’m a Aussie day trader and I post trading tips, practice drills, and indicators that helped my trading get to a professional level.

Everything here is to help train the eyes and hands to trade better. If it helped me I’ll post it for others. Hope you enjoy!