Enigma Daytrading

This indicator provides a complete intraday trading system for 3 assets from the futures market (GC, 6B, and CL) during the New York session using integrated historical price databases as its foundation. All of this is included in 1 single indicator.

In the following image, the different options for the integrated databases can be seen. The indicator will only display 1 database at a time, the one you choose in its settings.



Note: You can add several instances of the indicator at a time and choose a different database for each instance, one for each day of the week for example, to avoid the need to manually change the database every single day. You also have the option of adding the name of the database that you currently have selected as a watermark in the chart. This option is easily seen in the settings of the indicator and can be either turned on or off.

The relevant price areas and levels derived from the integrated historical price databases are determined based on the time at which price exits the Opening Range, which is the first hour of the New York session that goes from 9:30 AM EST to 10:25 AM EST.

Once price exits the Opening Range, the indicator will display the relevant price levels for that session based on which day it is, the time at which price exited the Opening Range, and the final factor is whether price is either above or below the Opening Range price area.

The historical data that will be displayed is filtered so that only those with matching conditions are taken into account. This makes it possible for the indicator to display historical data produced by previous sessions with several similar circunstances than the ones we are encountering in the current session.

Once the relevant price levels for the session are displayed, they do not change and will remain the same for the entirety of the session.

How to interpret the indicator

The relevant price levels are displayed in the following way:

• Entry levels and stop-loss levels as colored boxes. These boxes may contain several levels within them. The basic logic is to enter once price touches the colored box, and place the stop-loss behind the colored box. Depending on the size of the colored box and the number of levels it contains, the stop-loss can be placed only 2 or 3 levels behind the entry level.

The levels in the colored boxes can be easily identified as a change in tone within the box. The following image provides a graphical example of this, and the difference in color tones within each box is quite clear.



• Exit levels as colored horizontal lines: Each colored box will have a colored line with its matching color. Depending on which box you used for entry, the corresponding exit level should be the colored line of the same matching color.



This color-coded visualization makes it possible to easily identify the corresponding exit level based on the time of your entry.

The chosen colors and their lighter-tone variations can be easily modified from the indicator's settings.



These correlations between the displayed price levels, or in other words, between where and when to enter and where to exit, as well as the methodology on how to structure the integrated databases, are the result of proprietary historical analysis and the true value of this system.

Benefits of the indicator

• It provides direct and actionable data. The price levels displayed on the chart are not subject to any interpretation. They present objective levels and trade ideas.
• It provides the most likely bias for the session. Once the levels are displayed, the bias is towards the location of the exit levels (horizontal colored lines).

Aim of the indicator

The goal is to provide a simple, mechanical, and repeatable trading system with historical data-driven logic resulting in objective and actionable entry, stop-loss, and exit price levels.

Disclaimer

Every trade setup presented by the usage of this indicator doesn't constitute investment advice. Past results will never guarantee future performance.