This indicator plots out the time periods and open lines as outlined in ICT's 2022 Mentorship and is designed specifically for the New York futures trading session.
Time zone is set to GMT-4 (NY) by default but can be changed for accommodate daylight saving in the menu.
Please note this indicator is to be used only on the 30min timeframe and below.
Here are its features:
The background color shows the morning session, in two parts (8.30am to 9.30am and 9.30am to 11.30am), then a two hour gap for lunch (ICT calls this "Dead time") and finally, the afternoon session, also to two (1.30pm to 3pm and 3pm to 4pm).
It not only shows the current killzones, but future zones as well.
These times are important; trades can be framed within these zones as taught in the mentorship.
Next are the open lines. These lines are automatically plotted and can be areas for price to react off of; they are the opening price of a candle at these times:
00.00 (New York Midnight, also known as "True Day Open") 8.30am (New York Equities pre-open) 9.30am (New York Equities open) 2.00am (London Stock Exchange open)
And lastly, London's trading session High and Low are projected forward onto the New York trading session.
These two price points are areas of liquidity that were pooled during London, but they can also often set the high or low of the day.
Please let me know if there are any bugs or if you have suggestions for the next update.
Thank you for this indicator. I was manually plotting a trend line in the NY opening. Is there a way to make it so the open line stops at 4pm NY time? Thanks again.
skio8
⋅
Great script. using the time zones also the midnight & 930 OP.. I wanted to extend the ny am session to 12 am, but its stuck only on 11.31.. Also i would prefer that the opening prices lines to end at 16-16:15 pm NY instead of 24h..
maybe a future update will give those options as well. Well done
xkryogenik
⋅
This has issue with daylight savings London open wont adjust no matter if I change the time open time it still stays at two oclock.
tage930
⋅
Great Script! Im using it, thank you! I was wondering can you add the Asia open to this also? If Possible? Thanks.
hermantrader
⋅
Hi, I am using your indicator for London low/high. This is very helpful and thank you for sharing it. However I am not sure if L-Low is marked correctly. Can you please check this example? or this:
hermantrader
⋅
@hermantrader, OK, I just found settings for this value. Sorry.
CorB33n
⋅
Last question : is it revelant to add OHLC on it with GMT settings too ? ICT plays with previous days too. Thanks a lot for your work!
Shanxia
⋅
@CorB33n, ah you mean like the Open, High, Low and close of the True day? hmmm it might be. Probably would be better as a separate indicator. Will look into cheers!
CorB33n
⋅
@Shanxia, as you want, PDH/PDL is as revelant as London H/L, looking for an update/separate indicator so, thanks (and thanks for the fix!)
CorB33n
⋅
Hi, great indicator all in one, thanks again. like said before, GMT-5 is not working for ppl who need it, current replaced by GMT witch is not -5 hours. Last touch before perfection !
Thanks again.