The script is based on one of ICT's concepts on trading Index Futures. The script lays out the daily range from an intraday basis.
Range:
00:00 - New York Midnight 08:30 – New York Open (News events come out) 12:00/13:00 - New York Lunch (No trade time period) 13:30 - (Algorithm) 16:30 - Close
* The open, high and low lines are plotted from 00:00 to 08:30
How To Use:
You will need to check the daily bias. Prior to 8:30 you are to look for previous swing points where liquidity may exist. During the open you want to see if a high or low is taken out, and then wait for an energetic break/displacement for a potential FVG/imbalance retracement entry.
Strategy is for LTF (1 to 15m)
Default time zone is set to America/New_York (UTC New York), so lines will be plotted correctly regardless of user’s local UTC chart setting.
Hey really appreciate the indicators for the index futures. I personally have no experience in the script and was wondering if you could make one for forex market 1-5 London , 7-10 New York, 10-12 London close. Again thanks for the index futures script and would love if you could possibly create one for forex.
geneclash
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@mambawrld999, thanks, you can check my New York Happy Hour. You can edit the time in settings if you need to customize the timings:
Great indicator, any chance you would add a vertical line for index 14:30 open and an option to display max drawings on the charts.
CorB33n
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Hi there, may I ask you an update with vertical line for midnight too, and maybe MON TUE WED at the bottom if also ? Could be great! Thanks :)
gabx11
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Awesome indicator! Would it be possible for the vertical lines to go from the daily low to the daily high? So the indicator can look more like a daily box instead of having vertical lines going from the low of the chart all the way to its high?