OPEN-SOURCE SCRIPT
Updated NDOG & NWOG Indicator
ndicator automatically identifies and displays New Day Opening Gaps (NDOG) and New Week Opening Gaps (NWOG) directly on your chart. It focuses on gaps based on specific session times in the New York (NY) timezone.
Key Features:
NDOG: Identifies the gap between the NY 4:59 PM (daily close) and the NY 6:00 PM (daily open).
NWOG: Identifies the gap between the Friday NY 4:59 PM (weekly close) and the Sunday NY 6:00 PM (weekly open).
Draws customizable lines for the high and low levels of each gap.
Option to show an additional mid-level line for each gap.
Includes options for line colors, styles, and width.
Allows filtering gaps by a minimum size.
Control the maximum number of recent NDOGs and NWOGs displayed.
Optionally shows text labels on the lines and a summary table on the chart.
This tool can help traders visualize potential areas of interest related to these specific opening gaps.
Note: Calculations are based on the "America/New_York" timezone.
Disclaimer: Trading involves risk and may not be suitable for all investors. This indicator is provided for informational and educational purposes only and does not constitute financial advice or a recommendation to trade. Use at your own risk.
Key Features:
NDOG: Identifies the gap between the NY 4:59 PM (daily close) and the NY 6:00 PM (daily open).
NWOG: Identifies the gap between the Friday NY 4:59 PM (weekly close) and the Sunday NY 6:00 PM (weekly open).
Draws customizable lines for the high and low levels of each gap.
Option to show an additional mid-level line for each gap.
Includes options for line colors, styles, and width.
Allows filtering gaps by a minimum size.
Control the maximum number of recent NDOGs and NWOGs displayed.
Optionally shows text labels on the lines and a summary table on the chart.
This tool can help traders visualize potential areas of interest related to these specific opening gaps.
Note: Calculations are based on the "America/New_York" timezone.
Disclaimer: Trading involves risk and may not be suitable for all investors. This indicator is provided for informational and educational purposes only and does not constitute financial advice or a recommendation to trade. Use at your own risk.
Release Notes
Added Date and Price Levels on the labelsOpen-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.