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HuD Bursa Time Range ( TR )

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HuD Bursa Time Range ( TR ):

๐Ÿ”˜ Is a simple indicator that makes it easier for intraday traders to make daily decisions.
๐Ÿ”˜ The concept is simple.
๐Ÿ”˜ Between 9am - 9.30am (default value) I call this the Time Range (TR).
๐Ÿ”˜ This TR time is also the time where traders (the day before) selling their shares.
๐Ÿ”˜ After this period, usually new traders will take their position and look for entries.

๐Ÿ”ธ If the next candle does not close below this TR lowest price. then there is a possibility the candle will move upwards.
๐Ÿ”ธ If the next candle is higher than the high candle from TR, the candle will most likely make a Breakout (BO) & the daily candle will form a green candle / marobozu. = background will turn green
๐Ÿ”ธ The background will turn yellow, if the close candle at the end of the session is equal to the open price

๐Ÿ”˜ This Indi only applies for timeframes (TF) lower than Daily (Ex: TF4hour, TF1hour, TF30min, TF15min, 1min etc).
๐Ÿ”˜ It is recommended to use this indi in TF1 minutes, so that it works like a tick chart on the trading platform.

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Examples 1 :

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Examples 2 :

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Examples 3 :

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Examples 4 :

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