HOD/LOD Confirmation Indicator

Been trading MNQ for a while and kept noticing the same pattern — on certain days, the high or low gets set early and price just grinds away from it all session. The problem was identifying which days and when in real time, without knowing the day type in advance.

So I built the HOD/LOD Composite — a scoring system that combines 5 live-observable signals into a 0–5 score for both the HOD and LOD side. No look-ahead, no repainting, no day type labels required.

The 5 signals:

1. H1 Intact — session extreme hasn't broken the first-hour range
2. No OR-Return — price hasn't come back into the 25-min opening range
3. VWAP Deviation — price has drifted significantly away from session VWAP
4. ATR + Position — session has consumed a typical day's range and price is near the opposite extreme
5. DistroDisco — range has hit the same-weekday rolling median (statistically, a typical day's work is done)

Backtested results over 20 months of MNQ data:

• Score 3 ●: ~83–87% accuracy
• Score 4 ◆: ~86–90% accuracy
• Score 5 ★: ~92–94% accuracy

There's also an ETH pre-RTH layer — a dashed line drawn at the overnight high/low when the open position within the overnight range suggests it's likely to hold as the session extreme. Score 2/2 on that has ~80% hit rate.

The signal line freezes at the price the moment it fires and tracks whether it gets violated, with a live accuracy table that updates each session. On Score 5 days I've found it useful for fading extensions into the flagged level and tightening stops on ORB trades going the wrong direction.

Available on TradingView — https://www.tradingview.com/script/6Gqj4Cq8-HOD-LOD-Confirmation/