OPEN-SOURCE SCRIPT
ICT ORG with Eights
ICT ORG with Eights
What It Does
Plots the RTH overnight gap (4:15pm close → 9:30am open) with eighth-level divisions instead of just quartiles.
Gap Levels:
Key Features
Quick Setup
Use Cases
Settings
Why Eighths?
More granularity = better entries. The 0.125/0.875 and 0.375/0.625 levels provide additional confluence zones where price frequently reacts during gap fills.
What It Does
Plots the RTH overnight gap (4:15pm close → 9:30am open) with eighth-level divisions instead of just quartiles.
Gap Levels:
- 0.000 (Low) | 0.125 | 0.250 | 0.375 | 0.500 (Mid) | 0.625 | 0.750 | 0.875 | 1.000 (High)
Key Features
- Visual gap box between previous close and current open
- 6 additional levels beyond standard quartiles (0.125, 0.375, 0.625, 0.875)
- Customizable labels with dates for each level
- Auto SPY detection (adjusts close time to 4:00pm)
- Historical gaps - show 1-10 previous days
- Extend right - project levels forward with buffer bars
Quick Setup
- Best on 5min charts or lower
- Start with 1-2 historical boxes for clean charts
- Toggle eighth lines on/off as needed
- Use labels to track which gap/date you're looking at
Use Cases
- Gap fill trading - precise entry/exit at eighth levels
- S/R levels - eighths often act as support/resistance
- Profit targets - use 0.125/0.875 for extreme reversals, 0.375/0.625 for partial fills
Settings
- Time offsets for international indices
- No plot session to pause drawing during specific hours
- Full customization of colors, styles, widths, labels
Why Eighths?
More granularity = better entries. The 0.125/0.875 and 0.375/0.625 levels provide additional confluence zones where price frequently reacts during gap fills.
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.