New Week Opening Gaps NWOG

This Pine Script plots the New Week Open Gap (NWOG) — the price gap between Friday’s 5:00 PM NY close and Sunday’s 6:00 PM NY open. It displays the gap as a semi-transparent box and draws multiple reference levels across the entire trading week:

NWOG High and Low (gap lines)
Consequent Encroachment
Quartile / Quadrant lines (.25 / .75)
1/8th gradient lines (.125 / .375 / .625 / .875)
Optional Friday 5 PM close line (extendable)
Optional High-Low Gap box (Friday 5 PM candle extremes vs Sunday 6 PM open)

Premium / Discount Table
A real-time table shows whether current price is trading at a premium or discount relative to the average of the last several NWOG ranges (user-selectable count).
Additional Features

Full Premium / Discount gradient levels with optional labels
Right-extension of all boxes and lines
Historical boxes/lines/labels control
Label positioning and sizing options
Timezone offsets for non-US indices
“No plot session” to stop painting during specified hours while still extending right

Intended Use
Designed primarily for SPX, ES, NQ, and major indices on intraday timeframes up to the selected maximum (default 15 min). The indicator helps identify institutional reference levels, gap-fill probability zones, and premium/discount conditions for the upcoming trading week.
All visuals are fully customizable through grouped inputs. No repainting, no external data required.

Thanks to Inner Circle Trader (ICT) for the concepts.

版本注释

1. Added FVGs which overlay NWOG gradient lines.

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。

MadMonkTrading

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开源脚本

MadMonkTrading