Marketscore is an indicator that I built based on overall market data across the different markets. This stream pairs the Marketscore indicator with the chart for the NQ. The chart is based on 1 minute candles. This chart will show the trades based on a generic model I built around the indicator. It will make a sound for buys and sells. For now, this will be streamed on here while I work to make this a product. If you have ideas or things you would like to see with it just leave me a comment. Watch this video to learn more: • Marketscore Chart New ...
Here is how to use the Marketscore NQ Chart:
1. The green boxes are TPO value areas. The dates below reference the value areas for the dates.
2. The baby blue line is the open for that date.
3. The yellow line is the close for that date.
4. The red line is the POC (Point Of Control) for that date. The POC is the place where it spent the most time.
5. If the price is above the green box I would watch the model trades for longs.
6. If the price is below the green box I would watch the model trades for shorts.
7. If the price is inside of value it is important to watch Marketscore and see what it is leaning toward.
8. There is an audible ding when a buy order is triggered.
9. The buys with the silver background are what I call "Marketscore Focus Trades". They are trades that often work well based on the data at the time the order is opened.
10. There is no close signal so you have to use your own judgement for when to get out.
11. Be sure to follow your trade plan and manage risk.