ICT Market Protraction (0:00, 7:00, 20:00 NY time highlight)

The ICT Market Protraction (0:00, 7:00, 20:00 NY time highlight) indicator is a specialized charting tool designed to automatically highlight time-specific impulse moves that often precede a trend reversal. By identifying these specific New York time windows, traders can better anticipate potential market manipulation and the subsequent "true" trend direction as described in ICT methodologies.

Usage

The Usage of this tool focuses on identifying specific candles that form during the 0:00, 07:00, and 20:00 New York time windows. When a candle opens and closes within these one-minute intervals, the indicator plots a triangle marker above or below the bar.

• Bullish Protraction: A blue triangle appears below the bar if the candle closes higher than it opened during the specified time.
• Bearish Protraction: A blue triangle appears above the bar if the candle closes lower than or equal to its open during the specified time.

Traders typically use these markers to identify the "Judas Swing" or initial manipulative move that occurs at the start of a new trading session or day. For example, a protraction move upward at midnight NY time might suggest a bearish trend for the remainder of the London or New York session.

Details

Market protraction is a concept rooted in the idea that institutional participants often drive price in the opposite direction of the intended daily or session trend to engineer liquidity. This script automates the detection of three critical "Power of 3" (Accumulation, Manipulation, Distribution) windows:

1. Midnight (00:00) NY: Often sets the initial direction or manipulation for the London session.
2. 7 AM (07:00) NY: Often coincides with the pre-market manipulation for the New York session.
3. 8 PM (20:00) NY: Marks the start of the Asian session opening price movements.

The script includes logic to automatically adjust the size of the markers based on the chart interval to ensure visual clarity across different timeframes.

Settings

Time

• Midnight NY time: Sets the session interval for the midnight protraction (default is 00:00-00:01).
• 7 Am (07:00) NY time: Sets the session interval for the morning protraction (default is 07:00-07:01).
• 8 Pm (20:00) NY time: Sets the session interval for the evening protraction (default is 20:00-20:01).

FAQ

How do I use the ICT Market Protraction (0:00, 7:00, 20:00 NY time highlight) indicator?

This indicator is best used to identify potential fake-out moves at the start of major trading sessions. Look for the markers at the specified times to determine if price is moving in a direction that might be reversed later in the session.

Can I change the specific times highlighted?

Yes, you can modify the "Time" inputs in the settings menu to target different one-minute intervals if your specific strategy requires it, though the defaults are optimized for ICT concepts.

How can I access the ICT Market Protraction (0:00, 7:00, 20:00 NY time highlight) indicator?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.