NWOG/NDOG + Quarterly Theory (Dark Theme)Description: NWOG/NDOG + Quarterly Theory (Integrated)
This indicator combines two powerful price action concepts into a single, cohesive tool designed for intraday and swing traders. By merging Opening Gaps with Time-Based Quarterly Theory, traders can identify high-probability institutional footprints and manipulation cycles on a single chart.
🌓 The Concept
This script bridges the gap between Static Price Levels (Opening Gaps) and Dynamic Time Windows (Quarterly Cycles). It allows you to see how price reacts to structural gaps during specific phases of the weekly market cycle (Accumulation, Manipulation, Distribution).
🚀 Key Features
1. NWOG & NDOG (New Week/Day Opening Gaps)
Based on ICT concepts, these gaps represent "true" institutional openings.
Automatic Gap Detection: Plots New Week (NWOG) and New Day (NDOG) gaps.
Consequent Encroachment (C.E.): Optional toggle to view the 50% equilibrium level of every gap.
Historical Tracking: Look back at previous gaps to find "Event Horizons" where multiple gaps overlap or align.
Dark Mode Optimized: Clean, high-contrast UI tailored for dark-themed terminals.
2. Quarterly Theory (Weekly Cycles)
Divides the trading week into four distinct "Quarters," each with a specific institutional objective:
Q1 (Monday): Accumulation – Defines the initial range.
Q2 (Tuesday): Manipulation – Features the "Judas Swing" and Fakeouts.
Q3 (Wednesday): Distribution – The primary trend expansion of the week.
Q4 (Thursday): Extension/Reversal – The final push or weekly profit-taking.
3. Confluence Tools
Weekly True Open: Highlights the Tuesday 00:00 opening price, a critical pivot for bullish or bearish bias.
Fakeout Detection: Identifies potential traps when price sweeps the Monday range but fails to hold, confirmed by VWAP and True Open confluence.
Monday Range Box: Automatically draws the high/low boundary of the first quarter.
🛠 How to Use
Identify the Bias: Use the Weekly True Open (Red Line). If price is above the True Open during Q3, look for long distribution.
Locate Liquidity: Look for NWOG/NDOG levels that sit just outside the Monday Range. These are prime targets for the Q2 Manipulation phase.
Entry Confluence: A "Fakeout" signal occurring at a New Day Opening Gap level provides a high-probability "SMT-style" or "Stop Run" entry.
⚖️ Credits & Original Authors
This script is a collaborative merge and refinement of existing institutional logic:
NWOG/NDOG Logic: Based on the framework by cryptonnnite.
Quarterly Theory Logic: Based on the Weekly Quarters/Time-Price theory.
Refinement: Optimized for standalone performance (library-free) and Dark Theme visibility.
Disclaimer: Trading involves significant risk. This tool is for educational purposes and should be used in conjunction with a complete trading plan.
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