ICT-ORG + [D/P + P/D]
ICT Opening Range Gap + Dynamic/Preview [D/P] + Premium/Discount Ranges [P/D]
The Open Range Gap (ORG) is a core concept utilized in the ICT methodology, representing the price discrepancy between the prior Regular Trading Hours (RTH) close and the first opening tick of the current RTH session at 09:30 AM EST. This gap immediately frames the daily context:
Premium: Today's open is higher than the prior close.
Discount: Today's open is lower than the prior close.
According to statistical market behavior, there is a high probability that price action will retrace and close 50% or more of this gap within the first 30 minutes of trading (09:30 AM to 10:00 AM). These gaps often act as significant support and resistance zones. This indicator provides a highly customizable visual framework for tracking, measuring, and interacting with these crucial market levels natively on your chart.
Link to TradingView Publication
https://www.tradingview.com/script/z9G02j8j-ICT-ORG-Opening-Range-Gap-D-P-P-D/
ICT | SMC Tradingview Indicators
Structured | Profitable
Precision | Edge
