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  • DR Idr Indicator

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    vic beckham
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    The document discusses rules for range day reversal (RDR) and overnight day reversal (ODR) trading strategies. The RDR occurs from 09:30-10:30 am and the ODR from 03:00-04:00 am, both in New York local time. It states that if the 5-minute price closes above/below the RDR/ODR high/low after 10:30 am/04:00 am, there is an 80% probability that will be the high/low of the trading session, called confirmation. Additionally, a close above the IDR high after 10:30 am/04:00 am is an early indication the low of the day will be the DR low.

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    Dr Idr Indicator

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    The document discusses rules for range day reversal (RDR) and overnight day reversal (ODR) trading strategies. The RDR occurs from 09:30-10:30 am and the ODR from 03:00-04:00 am, both in New York local time. It states that if the 5-minute price closes above/below the RDR/ODR high/low after 10:30 am/04:00 am, there is an 80% probability that will be the high/low of the trading session, called confirmation. Additionally, a close above the IDR high after 10:30 am/04:00 am is an early indication the low of the day will be the DR low.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Download as docx, pdf, or txt
    531 views1 page

    DR Idr Indicator

    Uploaded by

    vic beckham
    The document discusses rules for range day reversal (RDR) and overnight day reversal (ODR) trading strategies. The RDR occurs from 09:30-10:30 am and the ODR from 03:00-04:00 am, both in New York local time. It states that if the 5-minute price closes above/below the RDR/ODR high/low after 10:30 am/04:00 am, there is an 80% probability that will be the high/low of the trading session, called confirmation. Additionally, a close above the IDR high after 10:30 am/04:00 am is an early indication the low of the day will be the DR low.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    It should be applied in the 5 Min. Timeframe.

    The timings for the RDR are from 09.30 - 10.30 am New York local time.
    The timings for the ODR are from 03.00 - 04.00 am New York local time.

    Rules:
    1. If price in the 5 Min timeframe closes above the DR high after 10.30 am or 04.00 am
    then the DR low will be with 80 percent probability the low of the trading session. This is
    called confirmation.
    2. If price in the 5 Min timeframe closes below the DR low after 10.30 am or 04.00 am
    then the DR high will be with 80 percent probability the high of the trading session. This
    is called confirmation.
    3. If price closes above the IDR high after 10.30 am or 04.00 am it is an early indication
    that the low of the DR will be the low of the day and vice versa.

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