NQ Magic Hour Pro

# NQ Magic Hour Pro

## ⚠️ NQ FUTURES ONLY - NOT FOR OTHER INSTRUMENTS

**This indicator is specifically designed and calibrated for NQ (E-mini Nasdaq-100) futures only.** The probability statistics are hardcoded from a 6-year NQ-specific backtest (2020-2025, 1,546 sessions).
**Do NOT use this indicator on ES, MES, YM, RTY, or any other instruments** - the probabilities will not be accurate and may lead to incorrect trading decisions.

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## Overview

NQ Magic Hour Pro is a probability-based mean reversion trading indicator built exclusively on NQ futures backtest data. The indicator identifies high-probability reversion setups based on pre-market range analysis during the "Magic Hour" (7:00-8:00 AM ET).

**Core Concept:**
- Captures 7:00-8:00 AM ET pre-market range (high/low/midpoint)
- Classifies range size: Below Average (<0.24%) vs Above Average (>0.24%)
- Projects extension levels (25%, 50%, 75%, 100%) with NQ-specific historical reversion probabilities
- Identifies optimal trading windows based on time-based edge decay

**NQ-Specific Probability Framework:**
- **Golden Window (8:00-9:00 AM):** 79-85% reversion probability (below-avg ranges)
- **Medium Window (9:00-10:00 AM):** 56-73% probability
- **Dead Zone (10:00+ AM):** 21-35% probability (avoid trading)

*These probabilities are derived from NQ futures data only and may not apply to other instruments.*

## Key Features

✅ **Visual Levels:** Displays magic hour range with color-coded extension levels
- Green (Lime): High probability (79-85%)
- Orange: Medium probability (52-73%)
- Red: Low probability (<52%)

✅ **Real-Time Dashboard:** Shows current range classification, time window, reversion probabilities, and tier classification (based on NQ data)

✅ **Time-Based Alerts:** Warns when entering Dead Zone (edge decay)

✅ **Fully Customizable Display:**
- Adjustable colors for all lines and boxes
- Label text size options (Tiny/Small/Normal/Large)
- Toggle visibility for any component

✅ **Session History:** Optional keeping of last 10 sessions for pattern recognition

✅ **Performance Optimized:** Smart object reuse system prevents hitting TradingView limits

## Settings Overview

**Session Settings:**
- Timezone (default: America/New_York)
- Magic Hour start time (default: 7:00 AM, adjustable 0-23)
- Monitoring window duration (default: 3 hours)

**Display Options:**
- Toggle dashboard, hour box, window box, key levels
- Show/hide probability labels
- Dark/Light dashboard theme
- Keep history (last 10 sessions)

**Extension Levels:**
- Enable/disable 25%, 50%, 75%, 100% extensions individually
- Useful for focusing on high-probability setups only

**Line Colors (Fully Customizable):**
- High/Low/Mid line color
- Golden zone color (below-avg 25% extensions)
- Medium zone color (50% extensions, above-avg 25%)
- Low probability color (75%, 100% extensions)

**Box Colors (Fully Customizable):**
- Magic Hour Box (Below Avg) - default green
- Magic Hour Box (Above Avg) - default orange
- Window Box Color - default purple

**Label Settings:**
- Text size: Tiny, Small, Normal, or Large
- Adjustable for visibility on different screen sizes

**Alerts:**
- Golden setup alert (79%+ probability on NQ)
- Dead zone alert (10:00 AM edge decay warning)

## How to Use (NQ Futures Only)

1. **Apply to NQ chart only** (NQ1!, MNQ1! for micro, or your broker's NQ symbol)
2. **Range Classification:** After 8:00 AM ET, check dashboard "Range Size" (BELOW AVG = higher probability)
3. **Time Window:** Trade during Golden (8-9 AM) or Medium (9-10 AM) windows only
4. **Entry Setup:** Wait for price to sweep 25% or 50% extension levels
5. **Target:** Mean reversion to magic hour range (high/low/mid)
6. **Avoid:** Trading after 10:00 AM when edge drops to 21-35%

**Highest Probability NQ Trades:**
- Below-average range + Golden window (8-9 AM) + 25% extension sweep = 79-85% reversion probability
- Use dashboard "Classification" to identify Tier 1 (Golden) setups

**Recommended Timeframes:** 1-minute, 5-minute, or 15-minute charts

## Important Risk Disclaimer

⚠️ **THIS INDICATOR IS FOR EDUCATIONAL AND INFORMATIONAL PURPOSES ONLY**

**NQ-Specific Limitations:**
- **THIS INDICATOR IS CALIBRATED FOR NQ FUTURES ONLY** - probabilities are hardcoded from NQ backtest data
- **DO NOT USE ON OTHER INSTRUMENTS** (ES, MES, YM, RTY, stocks, crypto, etc.) - statistics will be inaccurate
- Even on NQ, past performance does not guarantee future results
- Market regime changes may cause historical probabilities to become invalid
- Probabilities are based on 2020-2025 backtest data and may not reflect current conditions

**General Trading Risks:**
- Trading futures involves substantial risk of loss and is not suitable for all investors
- This indicator does not constitute financial advice, investment advice, or trading advice
- Users are solely responsible for their own trading decisions and risk management
- The creator assumes no liability for trading losses incurred using this indicator
- Always use proper position sizing, stop losses, and risk management
- Consult a licensed financial advisor before making any trading decisions

**Before Using This Indicator:**
1. Understand that this is NQ-specific - not applicable to other markets
2. Paper trade for at least 30 days to verify edge still exists
3. Confirm probabilities match your forward testing results
4. Have a written trading plan with entry/exit rules
5. Never override your stop loss based on "high probability" setups

## Technical Specifications

- **Instrument:** NQ (E-mini Nasdaq-100 futures) ONLY
- **Timeframe:** All intraday timeframes (1m, 5m recommended)
- **Timezone:** America/New_York (ET) - adjustable
- **Session:** Pre-market + Regular hours (7:00 AM - market close)
- **Data:** Based on 1,546 NQ sessions (2020-2025)
- **Object Management:** Ring buffer system (max 10 sessions in history)
- **Performance:** Optimized for low-latency updates

## Version History

**Version 1.0** (Initial Release)
- NQ-specific probability framework
- Real-time dashboard with tier classification
- Customizable colors and label sizes
- Object reuse optimization
- Golden setup and dead zone alerts

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**Developed by:** Constantin
**Based on:** NQ futures mean reversion research (2020-2025, 1,546 sessions)
**Indicator Type:** Mean Reversion / Range-Based
**Asset Class:** Futures (NQ only)

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## FAQ

**Q: Can I use this on ES or MES?**
A: No. The probabilities are hardcoded from NQ data only. Using on other instruments will give inaccurate probability readings.

**Q: Why is it NQ-only?**
A: The backtest statistics (79%, 85%, etc.) are specific to NQ's volatility profile, contract specifications, and market structure. Each instrument has different characteristics.

**Q: Will you create versions for other instruments?**
A: Potentially in the future, but each instrument requires its own 6-year backtest to calibrate accurate probabilities.

**Q: What if the probabilities stop working?**
A: Market regimes change. Always forward test and monitor actual vs expected win rates. If results deviate >10%, stop using the indicator and reassess.

**Q: Can I use this for day trading?**
A: Yes, it's designed for intraday NQ trading during the morning session (7:00 AM - 11:00 AM ET).

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For questions, feedback, or to report issues, please comment below or contact via TradingView messages.

**Remember: Trade NQ only with proper risk management. This indicator is a tool, not a guarantee.**