The concepts of NMOG (New Month Opening Gap), NWOG (New Week Opening Gap), and NDOG (New Day Opening Gap) are foundational in defining critical areas on the chart where price is highly likely to react. These opening gaps have a strong tendency to act as support and resistance zones where price can bounce off, slice through, or retest as it moves from one gap level to the next.

Within these gaps, the primary areas of interest are the High, the Low, and the Consequent Encroachment (C.E.)—which represents the exact 50% midpoint between the gap's high and low. For wider gaps, traders should also monitor granular sub-levels, specifically the Quadrants (25%, 75%) and the Eighths/Octants (12.5%, 37.5%, 62.5%, 87.5%).

Link to TradingView Publication

https://www.tradingview.com/script/chv8V5yH-ICT-NXOG-NMOG-NWOG-NDOG/

ICT | SMC Tradingview Indicators

Structured | Profitable

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https://r-ict.com