OPEN-SOURCE SCRIPT
SMT - NDOG - NWOG - CBDR - FLOUT - Z DAY
Here is a simple breakdown of how it works and how to use it:
1. Z-Day Profile (The "Coiled Spring")
What it is: A Z-Day is an ICT concept representing a day of extreme consolidation where the market essentially goes nowhere (zero net change). How the script tracks it: The script calculates the Average Daily Range (ADR) over the last 14 days. If a trading day finishes and its total range was less than 50% of the normal ADR, the script stamps a yellow "Z-DAY" label at the start of the next day. How to use it: When you see a Z-Day label, expect massive, violent expansion (trend days) to occur shortly after, as institutional energy has been tightly coiled.
2. SMT Divergence (Smart Money Tool)
What it is: SMT spots fake moves or underlying strength/weakness by comparing two assets that should move together (like NQ and ES). How the script tracks it: You enter a correlated ticker in the settings (e.g., CME_MINI:ES1!). The script pulls that asset's data in the background. It then tracks swing highs and lows on both charts simultaneously. How to use it: If your current chart makes a Lower Low (sweeping liquidity), but the hidden SMT chart makes a Higher Low, the script flags this as a Bullish SMT. It means the down-move on your chart is likely a fake stop-hunt, and price is preparing to reverse upward.
3. Price Action Gaps (NDOG & NWOG)
What it is: Voids in price caused by the market closing and reopening. These gaps act as algorithmic magnets. How the script tracks it:
NDOG (New Day Opening Gap): Tracks the gap between the 5:00 PM EST close and the 6:00 PM EST reopen.
NWOG (New Week Opening Gap): Tracks the gap between Friday's close and Sunday's reopen. How to use it: The script draws colored boxes over these gaps and extends them endlessly to the right. The box will only disappear once price completely overlaps and "fills" the gap, allowing you to use them as high-probability draw-on-liquidity targets.
4. Dealer Ranges & Projections (CBDR & Asian)
What it is: Institutions accumulate orders during specific quiet hours (Dealer Ranges), and then manipulate or expand price outward based on those ranges. How the script tracks it:
It boxes the absolute High and Low printed during the CBDR (Central Bank Dealers Range, 14:00-20:00 NY time).
It boxes the absolute High and Low printed during the Asian Range (20:00-00:00 NY time).
How to use it: The exact moment the Asian Range finishes at midnight, the script measures the height of the CBDR box. It then projects Fibonacci Standard Deviation lines (+1, +2, -1, -2) out into the future. You use these dashed lines as algorithmic take-profit targets for the new trading day.
It also calculates the Flout, which combines the CBDR and Asian ranges together, cuts them in half, and projects dotted lines for alternate target projections.
1. Z-Day Profile (The "Coiled Spring")
What it is: A Z-Day is an ICT concept representing a day of extreme consolidation where the market essentially goes nowhere (zero net change). How the script tracks it: The script calculates the Average Daily Range (ADR) over the last 14 days. If a trading day finishes and its total range was less than 50% of the normal ADR, the script stamps a yellow "Z-DAY" label at the start of the next day. How to use it: When you see a Z-Day label, expect massive, violent expansion (trend days) to occur shortly after, as institutional energy has been tightly coiled.
2. SMT Divergence (Smart Money Tool)
What it is: SMT spots fake moves or underlying strength/weakness by comparing two assets that should move together (like NQ and ES). How the script tracks it: You enter a correlated ticker in the settings (e.g., CME_MINI:ES1!). The script pulls that asset's data in the background. It then tracks swing highs and lows on both charts simultaneously. How to use it: If your current chart makes a Lower Low (sweeping liquidity), but the hidden SMT chart makes a Higher Low, the script flags this as a Bullish SMT. It means the down-move on your chart is likely a fake stop-hunt, and price is preparing to reverse upward.
3. Price Action Gaps (NDOG & NWOG)
What it is: Voids in price caused by the market closing and reopening. These gaps act as algorithmic magnets. How the script tracks it:
NDOG (New Day Opening Gap): Tracks the gap between the 5:00 PM EST close and the 6:00 PM EST reopen.
NWOG (New Week Opening Gap): Tracks the gap between Friday's close and Sunday's reopen. How to use it: The script draws colored boxes over these gaps and extends them endlessly to the right. The box will only disappear once price completely overlaps and "fills" the gap, allowing you to use them as high-probability draw-on-liquidity targets.
4. Dealer Ranges & Projections (CBDR & Asian)
What it is: Institutions accumulate orders during specific quiet hours (Dealer Ranges), and then manipulate or expand price outward based on those ranges. How the script tracks it:
It boxes the absolute High and Low printed during the CBDR (Central Bank Dealers Range, 14:00-20:00 NY time).
It boxes the absolute High and Low printed during the Asian Range (20:00-00:00 NY time).
How to use it: The exact moment the Asian Range finishes at midnight, the script measures the height of the CBDR box. It then projects Fibonacci Standard Deviation lines (+1, +2, -1, -2) out into the future. You use these dashed lines as algorithmic take-profit targets for the new trading day.
It also calculates the Flout, which combines the CBDR and Asian ranges together, cuts them in half, and projects dotted lines for alternate target projections.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.