SMT - NDOG - NWOG - CBDR - FLOUT - Z DAYHere is a simple breakdown of how it works and how to use it:
1. Z-Day Profile (The "Coiled Spring")
What it is: A Z-Day is an ICT concept representing a day of extreme consolidation where the market essentially goes nowhere (zero net change). How the script tracks it: The script calculates the Average Daily Range (ADR) over the last 14 days. If a trading day finishes and its total range was less than 50% of the normal ADR, the script stamps a yellow "Z-DAY" label at the start of the next day.
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