OPEN-SOURCE SCRIPT
9:29 Candle High Low Levels
Daily Fair Price Value (9:29 AM Candle)
This indicator automatically marks the open price of the 9:29 AM EST candle and extends it across the entire trading session as a horizontal level.
The concept behind this tool is that the 9:29 AM candle open represents the day's Fair Price Value (FPV). Price often expands away from this level during the New York session and later returns to rebalance around it.
Features
Automatically identifies the 9:29 AM EST candle
Plots the candle's open price
Extends the level throughout the session
Resets automatically each trading day
Fully customizable line color and width
Designed for use on the 1-minute timeframe
How to Use
Use the line as a daily fair value reference.
Monitor whether price is trading at a premium or discount relative to the level.
Watch for mean reversion back to fair value after strong directional moves.
Combine with liquidity sweeps, market structure shifts, PO3, ICT concepts, and Fair Value Gaps for higher-probability setups.
Best Used On
NQ / MNQ
ES / MES
YM / MYM
Futures markets during the New York session
Trading Concept
When there is no significant new information for the market to price in, price often seeks equilibrium and returns toward fair value. The 9:29 AM candle open serves as a simple visual representation of that daily equilibrium level.
This indicator automatically marks the open price of the 9:29 AM EST candle and extends it across the entire trading session as a horizontal level.
The concept behind this tool is that the 9:29 AM candle open represents the day's Fair Price Value (FPV). Price often expands away from this level during the New York session and later returns to rebalance around it.
Features
Automatically identifies the 9:29 AM EST candle
Plots the candle's open price
Extends the level throughout the session
Resets automatically each trading day
Fully customizable line color and width
Designed for use on the 1-minute timeframe
How to Use
Use the line as a daily fair value reference.
Monitor whether price is trading at a premium or discount relative to the level.
Watch for mean reversion back to fair value after strong directional moves.
Combine with liquidity sweeps, market structure shifts, PO3, ICT concepts, and Fair Value Gaps for higher-probability setups.
Best Used On
NQ / MNQ
ES / MES
YM / MYM
Futures markets during the New York session
Trading Concept
When there is no significant new information for the market to price in, price often seeks equilibrium and returns toward fair value. The 9:29 AM candle open serves as a simple visual representation of that daily equilibrium level.
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。