OPEN-SOURCE SCRIPT
Weekly Gap NY
This indicator plots weekly reference levels based on ICT-style weekly gap analysis.
It marks the Friday 17:00 New York close, the Monday 01:00 New York open, and the equilibrium level between those two prices. The purpose is to help traders visually track weekly gap levels, premium/discount reference areas, and possible reaction zones during the trading week.
The script allows users to choose how many previous weekly gaps to display, adjust the Monday open time, extend lines to the right, and show or hide the gap zone and labels.
This tool is designed for discretionary analysis only and does not provide buy or sell signals.
It marks the Friday 17:00 New York close, the Monday 01:00 New York open, and the equilibrium level between those two prices. The purpose is to help traders visually track weekly gap levels, premium/discount reference areas, and possible reaction zones during the trading week.
The script allows users to choose how many previous weekly gaps to display, adjust the Monday open time, extend lines to the right, and show or hide the gap zone and labels.
This tool is designed for discretionary analysis only and does not provide buy or sell signals.
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.