This indicator is based on Dayes studies about 90minute cycles and true opens.
Similar to how ICT teaches the true day open at 0.00, Daye came up with his true year, true month, true week and true session opens.
True Year - April 1st True Month - 2nd Monday True Week - Monday, 6pm True Day - 12am (Midnight) True Session - 1:30am (London), 7:30am (New York), 1:30pm (Afternoon)
Ideally, for a bearish scenario, we would like to see price trade above the opening price to then reverse and trade lower. Ideally, for a bullish scenario, we would like to see price trade below the opening price to then reverse and trade higher.
The moves into the opposite direction are used my smart money to accumulate their positions and trap traders into wrong positions.
This indicator also shows 90 minutes cycles. 90min Cycle Cheat Sheet:
This shows that if q1 consolidates and q2 takes out one side and reverses we anticipate q3 to have a strong move. however, if q2 consolidates, we anticipate q3 to take out one side, reverse and then have a strong move in q4.
Notas de Lançamento
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fixed true month open automatically hides 90 mins cycles above hourly timeframe
Hey josh! Thanks for the indicator but a few feedbacks: 1. The session timings are skewed on the 1m chart (e.g., 12am-1.46am for Q1, 1.46am-3.16am for Q2, 3.16am-4.46am for Q3, and 4.46am-6am for Q4) 2. True Month Open is 2nd Monday, 6pm of the month (as mentioned by Daye on one of his twitter space).
Nevertheless, thank you and much appreciation for the indicator!
Kyo672
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Amazing indicator! Can you add the option to customize the line style & width?
heynexus
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can i have this code thankyou.
gukkk
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Hello Sir, Thanks for providing this indicator. Is there a way to keed TDO history on charts ? Best regards.
WeInvestNCrypto
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Is it possible to add historical data on chart?
ict_arg
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Thank you so much for the indicator! I think it could be a great idea to have the possibilities to change the names of the titles, instead of True Year change for TY and tiny fonts.
k4l2o9en
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Great indicator! Do you think you can add the true Asian open. Thank you very much
Shev21
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the true year is incorrect please update. Its set to April 2, 18:00 Should be April 2, 00:00.
NeverWishing
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Can't thank you enough for sharing this. Best non repainting indicators I've seen in 4 years of trading & your First FVG....sooo powerful just ruthless on indices.