If a 5-minute candle closes below the DR low, there is an 80% probability that the DR high will remain the high of the entire session.
If a 5-minute candle closes above the DR high after the range-setting hour, there is an 80% probability that the DR low will remain the low of the entire session. _ DR _ IDR _ pillow talk with TheMas7er _ Thurs...
The methodology is built on defining specific price ranges during the first hour of a trading session to predict the remainder of the day's price action. If a 5-minute candle closes below the DR
The strategy utilizes specific "Defining Range" windows to set the day's boundaries: The strategy utilizes specific "Defining Range" windows to
The high and low price levels established during a specific time window, typically the first hour of a session.
A candle closing above or below the IDR (Implied Defining Range) levels serves as an early signal that a full DR confirmation may follow. DR/IDR V1 — Indicator by TheMas7er - TradingView
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