ICT opening retracement
auto-plots the NY midnight open price as a key retracement level for to watch for futures traders.
information
ICT opening retracement|edgeful.com
what it does
this indicator plots the New York midnight open price as a horizontal line on your chart. based on ICT methodology, the midnight open serves as an important reference level for intraday price action, often acting as a magnet for retracements.
the line captures the opening price at midnight New York time and extends forward, updating if a higher open occurs during the midnight session. this level is frequently referenced by traders using ICT concepts for entry and exit decisions.
key features
automatic capture of New York midnight open price
forward-extending line for ongoing reference
updates to highest open during midnight session
optional label display with customizable text
works on all days of the week
explainer chart
ICT opening retracement|edgeful.com
