NQ MORE - MTF Open Retest Extensions

MORE - MTF Open Retest Extensions

This powerful indicator analyzes structural breaks across multiple timeframes and provides statistical probabilities for open retest scenarios, leveraging over 15 years of comprehensive market data analysis conducted outside of TradingView.

What MORE Does:
MORE identifies when price breaks previous highs or lows on higher timeframes and then calculates the statistical probability of price returning to retest the opening level of that break. The indicator displays probability-based extension zones showing where price typically moves after structural breaks, all based on extensive historical analysis.

Key Features:

• Multi-Timeframe Visualization - Track 1H to 12H structural breaks and extensions while viewing any lower timeframe chart. See exactly where current price sits within higher timeframe extension zones.
  
• Open Retest Probabilities - Real-time probability calculations showing the likelihood of price returning to test the open, based on when the break occurred within the time interval (early vs late breaks have vastly different retest rates).
  
• Statistical Extension Zones - Five color-coded zones (25th through 95th percentiles) display where price historically extends after breaks, providing clear targets and risk levels based on 15+ years of market data.
  
• Smart Dashboard - Monitor multiple timeframes simultaneously with a clean dashboard showing active breaks, current extension levels, and open retest probabilities across all tracked timeframes.
  
• Probability Threshold Filter - Focus only on high-probability setups by filtering out breaks with low retest probabilities, keeping your charts clean and actionable.
  
• Historical View Option - Toggle historical zones to study past setups and understand how the probabilities played out in different market conditions.
  

MORE transforms raw price action into statistically-informed trading decisions, helping traders identify optimal entries near open retests and set realistic targets based on historical extension patterns rather than arbitrary fibonacci levels or round numbers.

Disclaimer: This indicator is for educational and informational purposes only and does not constitute financial advice. Trading financial instruments involves risk and may not be suitable for all investors. Past performance is not indicative of future results. By using this tool, you agree that the creator is not responsible for any losses incurred from trading or investment decisions based on this indicator. Always do your own research and consult with a licensed financial advisor before making trading decisions.