NDOG NWOG by Laofengtrading

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This indicator automatically marks New Daily Opening Gaps (NDOG) and New Weekly Opening Gaps (NWOG) using New York time.

NDOG is calculated from the previous New York 16:59 close to the 18:00 open. The gap is labeled with the next trading day date, because the 18:00 open belongs to the next trading session.

NWOG is detected when the gap is formed from Friday 16:59 close to Sunday 18:00 open.

Features:

- Automatically detects NDOG and NWOG
- Uses fixed New York time
- Calculates gaps from 1-minute data
- Draws each gap as a rectangle from the gap creation point to the latest candle
- Displays the gap name and trading date next to the rectangle
- Optional middle line
- Customizable NDOG and NWOG background colors
- Separate colors for the latest NDOG and latest NWOG
- Customizable text color and size
- Adjustable retention count for NDOG and NWOG

Default retention:

NDOG: 5
NWOG: 3

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