Quarterly Theory ICT 02 True Open Session 90 Min

The Quarterly Theory ICT 02 True Open Session 90 Min indicator provides an advanced analytical framework based on ICT concepts and fractal time, dividing market cycles into four distinct phases to identify recurring price patterns. It helps traders pinpoint the "True Open" of various time cycles to determine market bias and potential turning points.

Usage

The indicator identifies four primary phases within any given cycle:

• Q1 (Accumulation): Price typically consolidates within a range.
• Q2 (Manipulation/Judas Swing): Initial false movements often occur, establishing the "True Open" benchmark.
• Q3 (Distribution): Volatility peaks as the primary trend of the cycle unfolds.
• Q4 (Continuation/Reversal): The trend either persists or reverses to close the cycle.

Traders use the True Open (the opening price of Q2) as a pivot; prices holding above the True Open suggest bullish intent, while prices below suggest bearish intent for that cycle.

Details

This tool implements the Quarterly Theory by segmenting time into fractal components. It tracks cycles across multiple timeframes, including Yearly (divided by months), Monthly (divided by weeks), Weekly (divided by days), and Daily (divided by 6-hour sessions).

Furthermore, it offers granular intra-day analysis by splitting the Asian, London, and New York sessions into 90-minute quarters and even smaller 22.5-minute "Micro Cycles." This implementation allows for precise alignment with ICT institutional time-and-price concepts.

Settings

Yearly True Open

• Show Yearly True Open: Toggles the visibility of the yearly cycle open levels.
• Extend True Open Line: Sets the line extension style (None, Right, Left, or Both).

Monthly/Weekly/Daily True Open

• Show True Open: Enables or disables levels for the respective timeframes.
• Color: Customizes the visual representation for each specific timeframe.

90 Min & Micro Sessions

• Show Session True Open: Options to display the 90-minute and 22.5-minute micro-cycle levels for Asian, London, and NY sessions.

Table Setting

• Show Table: Displays a dashboard summarizing the current active phase.
• Show More info: Includes the specific phase name (e.g., Manipulation) and cycle details in the table.

FAQ

How do I interpret the "True Open"? The True Open is the price level at the start of the Q2 phase. It acts as a benchmark; for example, in a bullish scenario, the price often moves below the True Open during Q2 (Manipulation) before rallying during Q3 (Distribution).

What is a Micro Cycle? A Micro Cycle is a sub-division of the 90-minute session quarters into 22.5-minute segments, allowing for high-precision entry identification on lower timeframes.

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