MNQ Morning Indicator | Clean Signals

MNQ Morning Trading Indicator Summary
What It Does
This is a TradingView indicator designed for day trading MNQ (Micro Nasdaq-100 futures) during morning sessions. It generates BUY and SELL signals only when multiple technical conditions align, helping traders identify high-probability trade setups.

Core Strategy
BUY Signal Requirements (All must be true):

✅ Price above VWAP (volume-weighted average price)
✅ Fast EMA (9) above Slow EMA (21) - uptrend confirmation
✅ Price above 15-minute 50 EMA - higher timeframe confirmation
✅ MACD histogram positive - momentum confirmation
✅ RSI above 55 - strength confirmation
✅ ADX above 25 - trending market (not choppy)
✅ Volume 1.5x above average - strong participation

SELL Signal (opposite conditions)

Key Features
🎯 Risk Management

Stop Loss: 2× ATR (Average True Range)
Take Profit 1: 2× ATR (1:2 risk-reward)
Take Profit 2: 3× ATR (1:3 risk-reward)
Dollar values: Calculates P&L based on MNQ's $2/point value

⏰ Session Filter

Default: 9:30 AM - 11:30 AM ET (customizable)
Safety feature: Avoids first 15 minutes (high volatility period)
Won't generate signals outside trading hours

🛡️ Signal Quality

Rates each signal: 🔥 STRONG, ⚡ MEDIUM, or ⚠️ WEAK
Requires minimum 15 bars between signals (prevents overtrading)

📊 Visual Dashboard
Shows real-time metrics:

ATR values
ADX (trend strength)
RSI (momentum)
Market condition (TREND/CHOP)
Session status
Volume status
Signal cooldown timer


Visual Elements

📈 VWAP with standard deviation bands (1σ, 2σ, 3σ)
📉 Multiple EMAs with trend-based coloring
🟢/🔴 Buy/Sell arrows on chart
📋 Detailed trade labels showing entry, SL, TPs, and risk-reward ratios
🎨 Background highlighting for market conditions


Safety Features

Cooldown period between signals
Session restrictions (no trading outside set hours)
First 15-minute avoidance (post-open volatility)
Multi-confirmation requirement (all 7 conditions must align)
Trend filter (ADX minimum to avoid choppy markets)


Best For

Day traders focused on morning sessions
MNQ futures traders
Traders who prefer systematic, rule-based entries
Those wanting pre-calculated risk management levels


Customization
All parameters are adjustable:

EMA periods
MACD settings
RSI thresholds
ADX minimum
ATR multipliers
Session times
Visual preferences

This indicator is designed to be conservative — it waits for strong confirmation before signaling, which means fewer but potentially higher-quality trades.