The indicator identifies and visualizes New Day Opening Gaps (NDOGs), which are essentially the differences between the opening price of a new trading day and the closing price of the previous day. For each NDOG identified, it creates a box on the chart that highlights the high and low price range of the NDOG. The color of these boxes, as well as the number of NDOGs to be displayed, can be customized by the user. Asia Session Highlighting:
The indicator includes a feature to highlight the Asia trading session, typically spanning from 18:00 to 00:00, but customizable to suit different time zones or preferences. It does not dynamically calculate or display the Asia session but uses a fixed time input by the user. The color for highlighting the Asia session can be chosen by the user. Additional Lines on NDOGs:
The script draws horizontal lines at the high and low of each NDOG, spanning from 18:00 to 00:00, to visually represent the range of the NDOG during the Asia session. The color of these lines can be customized. Customizability:
The indicator provides various input options for users to customize the colors of the NDOG boxes and the lines that represent the high and low of the NDOGs. Purpose and Usage:
This indicator is useful for traders who focus on price gaps between trading days and are particularly interested in the price action during the Asia trading session. It helps in identifying potential zones of interest where significant price movements or trading activities could occur, especially at the opening of a new trading day.
نص برمجي مفتوح المصدر
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.
For quick access on a chart, add this script to your favorites — learn more here.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
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.
For quick access on a chart, add this script to your favorites — learn more here.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.