PROTECTED SOURCE SCRIPT
True Opens (TDO/TWO/NYAM etc.)+ First FVG - Milana Trades
This indicator combines multiple "True Open" levels with the visualization of the first Fair Value Gap (FVG) following key market opens.
Key Features:
True Opens (TDO, TWO, TAO, TLO, NYAM, TNY):
TDO (True Day Open): Displays the start of the trading day (00:00 NY time) with customizable line style, color, and label.
TWO (True Weekly Open): Marks the start of the week (Monday 18:00 NY time) with visual lines and optional labels.
TAO (True Asian Open): Highlights the opening of the Asian session (19:30 NY time), allowing traders to track early Asian session activity.
TLO (True London Open): Marks London session open (01:30 NY time), providing insight into the first European market activity.
NYAM (New York AM Open): Marks 09:30 NY time, often a key liquidity spike period.
TNY (True New York Open): Highlights the full New York session open (07:30 NY time), useful for pre-market and early NY session trading.
All lines are fully customizable in color, style, width, and label visibility. Lines can also be extended to the right for better visual tracking.
First FVG After Open:
Automatically detects the first Fair Value Gap (FVG) following each session open.
Supports both bullish and bearish FVGs, displayed with distinct colors and transparency.
Mitigation detection highlights gaps that have already been touched or partially filled, using a softer color for clarity.
Why the first FVG matters:
The first gap after an open often indicates the initial imbalance of the session.
These gaps can act as high-probability zones for retracement or continuation trades, providing early-session trade opportunities.
Daily & Weekly Initial Range Boxes:
Visualize daily (00:00–01:00 NY) and weekly (Monday 18:00–19:00 NY) initial ranges.
Boxes update dynamically with price movement during the session.
Optional range info in pips to quantify volatility and potential targets.
Customizable Appearance:
Choose colors for bullish, bearish, and mitigated FVGs.
Adjust line styles (solid, dashed, dotted), widths, labels, and extensions for all opens.
Transparency settings for IB boxes allow clear chart readability without clutter.
Historical Options:
Enable prior day/week visualization to analyze session behavior and recurring patterns.
Why Traders Use This Indicator:
Early session clarity: Knowing the true session opens and first FVGs helps traders spot high-liquidity zones and potential reversals.
Structure-based trading: Combines session open levels with FVGs, aligning with professional market structure strategies.
Key Features:
True Opens (TDO, TWO, TAO, TLO, NYAM, TNY):
TDO (True Day Open): Displays the start of the trading day (00:00 NY time) with customizable line style, color, and label.
TWO (True Weekly Open): Marks the start of the week (Monday 18:00 NY time) with visual lines and optional labels.
TAO (True Asian Open): Highlights the opening of the Asian session (19:30 NY time), allowing traders to track early Asian session activity.
TLO (True London Open): Marks London session open (01:30 NY time), providing insight into the first European market activity.
NYAM (New York AM Open): Marks 09:30 NY time, often a key liquidity spike period.
TNY (True New York Open): Highlights the full New York session open (07:30 NY time), useful for pre-market and early NY session trading.
All lines are fully customizable in color, style, width, and label visibility. Lines can also be extended to the right for better visual tracking.
First FVG After Open:
Automatically detects the first Fair Value Gap (FVG) following each session open.
Supports both bullish and bearish FVGs, displayed with distinct colors and transparency.
Mitigation detection highlights gaps that have already been touched or partially filled, using a softer color for clarity.
Why the first FVG matters:
The first gap after an open often indicates the initial imbalance of the session.
These gaps can act as high-probability zones for retracement or continuation trades, providing early-session trade opportunities.
Daily & Weekly Initial Range Boxes:
Visualize daily (00:00–01:00 NY) and weekly (Monday 18:00–19:00 NY) initial ranges.
Boxes update dynamically with price movement during the session.
Optional range info in pips to quantify volatility and potential targets.
Customizable Appearance:
Choose colors for bullish, bearish, and mitigated FVGs.
Adjust line styles (solid, dashed, dotted), widths, labels, and extensions for all opens.
Transparency settings for IB boxes allow clear chart readability without clutter.
Historical Options:
Enable prior day/week visualization to analyze session behavior and recurring patterns.
Why Traders Use This Indicator:
Early session clarity: Knowing the true session opens and first FVGs helps traders spot high-liquidity zones and potential reversals.
Structure-based trading: Combines session open levels with FVGs, aligning with professional market structure strategies.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.