ICT NY Opening Price Lines (12AM/8:30AM/9:30AM)

The ICT NY Opening Price Lines (12AM/8:30AM/9:30AM) indicator automatically plots critical New York session reference levels used for intraday bias and price action analysis. It provides clean, horizontal anchors for the Midnight Open, the 8:30 AM news/pre-market open, and the 9:30 AM equity market open, extending them until the end of the trading day.

Usage

The tool is primarily used by ICT (Inner Circle Trader) practitioners and scalpers to identify daily bias and potential institutional sponsorship levels. By visualizing where the price is relative to these specific timestamps, traders can gauge whether the market is trading at a premium or discount relative to the session's key "opening" prices.

Common use cases include:

• Midnight Open (12:00 AM EST): Used to determine the daily direction. Price trading above the midnight open is often viewed as bullish, while price below is viewed as bearish.
• 8:30 AM EST Open: Often serves as a significant level for pre-market news events or a secondary anchor for the New York session.
• 9:30 AM EST Open: Marks the official New York Stock Exchange (NYSE) opening, often used to identify "Judas Swings" or initial session volatility.

Details

The script uses the "America/New_York" timezone to ensure consistent plotting regardless of the user's local chart settings. Each level is captured at the exact opening price of the candle corresponding to the specified time. Lines are drawn horizontally and can be set to terminate at a custom "End Hour" (defaulting to 4:15 PM EST) to keep the chart organized and relevant to the current trading day.

Settings

• Show 12:00 AM Open: Toggles the visibility of the Midnight opening price line.
• 12:00 AM line color/width/style: Customizes the visual appearance of the Midnight line.
• Show 8:30 AM Open: Toggles the visibility of the 8:30 AM opening price line.
• 8:30 AM line color/width/style: Customizes the visual appearance of the 8:30 AM line.
• Show 9:30 AM Open: Toggles the visibility of the 9:30 AM opening price line.
• 9:30 AM line color/width/style: Customizes the visual appearance of the 9:30 AM line.
• Show labels: Displays or hides text labels identifying each level.
• Label text fields: Allows customization of the text displayed next to each line.
• End hour (NY): Sets the hour (in 24-hour format) at which the lines terminate.
• End minute (NY): Sets the specific minute at which the lines terminate.

FAQ

How do I access the ICT NY Opening Price Lines (12AM/8:30AM/9:30AM) indicator? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.

Can I change the colors of the lines? Yes, all three session lines (12 AM, 8:30 AM, and 9:30 AM) have individual color, width, and style settings within the inputs menu.

Does this indicator account for Daylight Savings Time? Yes, because the script is hardcoded to use the "America/New_York" timezone, it automatically adjusts for DST changes relative to UTC.