NDOG + NWOG PRO v6.1|Kenobi75

NDOG + NWOG PRO v6.1 | Kenobi75

An indicator based on ICT (Inner Circle Trader) concepts developed by Michael J. Huddleston.

Automatically identifies and displays New Day Opening Gaps (NDOG) and New Week Opening Gaps (NWOG).

What it shows:

• NDOG: Price gaps between the previous trading day's close and the new trading day's open.
• NWOG: Price gaps between Friday's close and Sunday's opening.
• High and Low boundaries of each gap.
• Optional 50% midpoint (Consequent Encroachment).
• Historical daily and weekly opening gaps.
• Labels displaying dates and days of the week.

How to use it:
NDOG and NWOG are important reference levels in ICT methodology. Traders can observe how price reacts to gap boundaries and their 50% midpoint.

These levels may act as potential support, resistance, or price reaction zones. They can also be used alongside liquidity analysis, market structure, and Fair Value Gaps (FVG).

Customizable settings:

• Show or hide NDOG and NWOG independently.
• Adjust the number of historical gaps.
• Customize line colors, thickness, and visibility.
• Enable or disable the 50% midpoint.
• Adjust line extensions and label settings.
• Highlight previous weekly gaps.

Credits:
Original ICT concepts: Michael J. Huddleston (Inner Circle Trader).
Indicator development: Kenobi75.
Programming assistance: OpenAI.

Independent indicator inspired by ICT methodology. Not officially affiliated with or endorsed by ICT.

For educational and technical analysis purposes only.