QUARTERLY THEORY - Quarters (Q1-Q4) + fractal Defining Range (DFR)

• True Open on every DFR
• SMT on Micro / 90m / 360m / Daily
  Reference time: America/New_York, trading day starting at 18:00

Levels:
Weekly : Q = 1 day (Q1 = Monday, starting Sunday 18:00)
Daily : Q = 6 hours (Q1 = Asia 18:00-00:00)
90m : Q = 90 minutes (6h cycle)
Micro : Q = 22.5 min (90 minute cycle)

True Open = open price of Q2 of each cycle.
Weekly and Daily are always visible. Between 90m and Micro, only the level
uited to the chart timeframe is shown (Micro up to 3m, 90m up to 10m).