ICT Time Windows and First Fair Value Gap Detection

Summary

This indicator concept automates selected London and New York intraday windows used in the ICT methodology. It draws a range for each active window, labels the session, and classifies the movement as accumulation, manipulation, or expansion according to the description. It also identifies the first bullish or bearish Fair Value Gap (FVG) after the New York open and the first FVG inside each macro window, then extends the plotted zones and marks their midpoint, or consequent encroachment.

The supplied logic defines an FVG through a three-bar price gap with the middle bar’s direction used to distinguish bullish from bearish cases. It resets the New York detection each day and delays that scan until a minimum bar count after the open. The author recommends a one-minute chart for detection accuracy and describes daylight-saving adjustment options, although the included code excerpt does not clearly show those options or the stated movement classification. This is a charting aid, not a tested trading strategy; no performance results or risk rules are provided.

Key ideas

• The indicator marks predefined London and New York time windows and draws their intraday ranges.
• It searches for the first bullish or bearish three-bar Fair Value Gap after the New York open and within each macro window.
• It extends detected zones and marks their midpoint for chart reference.
• The description recommends one-minute data, while the excerpt does not clearly implement every advertised feature.
• The document gives no backtest results or rules for trading or managing risk around the plotted gaps.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.