OPEN-SOURCE SCRIPT

ICT ORG with Eights

ICT ORG with Eights
What It Does
Plots the RTH overnight gap (4:15pm close → 9:30am open) with eighth-level divisions instead of just quartiles.
Gap Levels:

0.000 (Low) | 0.125 | 0.250 | 0.375 | 0.500 (Mid) | 0.625 | 0.750 | 0.875 | 1.000 (High)

Key Features

Visual gap box between previous close and current open
6 additional levels beyond standard quartiles (0.125, 0.375, 0.625, 0.875)
Customizable labels with dates for each level
Auto SPY detection (adjusts close time to 4:00pm)
Historical gaps - show 1-10 previous days
Extend right - project levels forward with buffer bars

Quick Setup

Best on 5min charts or lower
Start with 1-2 historical boxes for clean charts
Toggle eighth lines on/off as needed
Use labels to track which gap/date you're looking at

Use Cases

Gap fill trading - precise entry/exit at eighth levels
S/R levels - eighths often act as support/resistance
Profit targets - use 0.125/0.875 for extreme reversals, 0.375/0.625 for partial fills

Settings

Time offsets for international indices
No plot session to pause drawing during specific hours
Full customization of colors, styles, widths, labels

Why Eighths?
More granularity = better entries. The 0.125/0.875 and 0.375/0.625 levels provide additional confluence zones where price frequently reacts during gap fills.

Script de código aberto

Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.

mnakatenus

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Script de código aberto

mnakatenus