OPEN-SOURCE SCRIPT
ICT First Hour Dealing Range
This indicator automatically identifies and plots the First Hour Dealing Range (FHDR) from the ICT methodology, focusing on the critical 9:30-10:30 AM EST New York session range. According to ICT, establishing this specific 60-minute range provides the foundational narrative for the rest of the day. Once the FHDR is set, the algorithm refers back to these internal levels and projections to dictate afternoon order flow.
Key Features
Key Features
- Auto-detects FHDR using pivot confirmation during first hour.
- Plots Fib extensions for profit targets and retracements for entries.
- Labels premium (above 50%), discount (below 50%), and equilibrium zones.
- Customizable Fib levels, colors, and lookback periods.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.