New Week Opening Gaps NWOG

This Pine Script plots the New Week Open Gap (NWOG) — the price gap between Friday’s 5:00 PM NY close and Sunday’s 6:00 PM NY open. It displays the gap as a semi-transparent box and draws multiple reference levels across the entire trading week:

NWOG High and Low (gap lines)
Consequent Encroachment
Quartile / Quadrant lines (.25 / .75)
1/8th gradient lines (.125 / .375 / .625 / .875)
Optional Friday 5 PM close line (extendable)
Optional High-Low Gap box (Friday 5 PM candle extremes vs Sunday 6 PM open)

Premium / Discount Table
A real-time table shows whether current price is trading at a premium or discount relative to the average of the last several NWOG ranges (user-selectable count).
Additional Features

Full Premium / Discount gradient levels with optional labels
Right-extension of all boxes and lines
Historical boxes/lines/labels control
Label positioning and sizing options
Timezone offsets for non-US indices
“No plot session” to stop painting during specified hours while still extending right

Intended Use
Designed primarily for SPX, ES, NQ, and major indices on intraday timeframes up to the selected maximum (default 15 min). The indicator helps identify institutional reference levels, gap-fill probability zones, and premium/discount conditions for the upcoming trading week.
All visuals are fully customizable through grouped inputs. No repainting, no external data required.

Thanks to Inner Circle Trader (ICT) for the concepts.

發行說明

1. Added FVGs which overlay NWOG gradient lines.

開源腳本

秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。

MadMonkTrading

此外:

免責聲明

這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。

開源腳本

MadMonkTrading

此外: