ICT Customizable 50% Line & Daily/Asia/London/New York High/Low + True Day Open

The ICT Customizable 50% Line & Daily/Asia/London/New York High/Low + True Day Open indicator is a comprehensive toolkit that automates the calculation of key institutional levels and session-based ranges. It helps traders identify premium and discount zones, liquidity sweeps, and opening price reference points across major global trading sessions.

Usage

The indicator can be used to establish a daily bias by monitoring price action relative to the True Day Open and the automated 50% equilibrium line. Traders can use the session-specific high and low levels to identify liquidity pools that are likely to be targeted or swept during the London or New York sessions.

The Checklist Confluence feature allows users to manually track trading criteria, such as SMT or momentum, directly on the chart. By adjusting the "Line Extend Length," users can project session ranges forward to see how price interacts with historical levels throughout the day.

Details

The script calculates the midpoint of the daily high and low to generate the 50% equilibrium line, a concept central to identifying institutional premium and discount zones. It integrates time-offset logic to accurately plot session opens and killzones (Asia, London, and New York) based on the "America/Chicago" or user-defined time zones. The watermark and checklist features are implemented via table objects to provide a non-intrusive UI for session notes and trade management.

Settings

Checklist Visibility

• Enable Confluence Checklist: Toggles the visibility of the on-chart trading checklist.
• Checklist Position: Determines which corner of the chart the checklist table occupies.

Line Settings

• 50% Line Color/Width: Customizes the appearance of the daily range midpoint.
• High/Low Line Settings: Controls the styling for the dynamic Daily High and Daily Low levels.
• True Day Open Line Settings: Adjusts the visual properties of the midnight opening price.

Killzone High/Low Settings

• Session Toggles: Enables or disables the tracking of specific sessions (Asia, London, NY AM/PM).
• Line Colors: Assigns specific colors to each killzone's high and low range.
• Line Extend Length: Sets how many bars into the future the session levels are projected.

FAQ

How do I use the 50% line for trading?

The 50% line represents the equilibrium of the current day's range; price above this line is considered in a "Premium," while price below is in a "Discount," helping you determine if you should be looking for sells or buys.

Can I track specific New York killzones separately?

Yes, the indicator includes separate toggles for the New York AM killzone, Lunch, and PM killzone to help pinpoint institutional volatility windows.

How can I access this tool?

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