What is MGI Daily?
MGI Daily is a study that renders the daily map of Market Generated Information for the current session. Rather than running ten separate indicators, MGI Daily consolidates structural references into a single study you configure once and read every morning. It is the daily layer of the OFL MGI suite, with weekly and monthly studies handling the higher timeframes.
Who it's for
- Day traders working ES, NQ, CL, and other CME futures
- Order-flow traders who anchor execution to prior-session structure
- Auction Market Theory traders who use value area, POC, and IB references
- Opening range and IB strategy traders who need configurable extensions
- OFL package users running JOB Pivots and execution studies on the same chart
How MGI Daily works
Daily levels rendered
MGI Daily plots a comprehensive set of session references. Full glossary below.
| Abbreviation | Level | Group |
|---|---|---|
| RVAH | Prior-day RTH Value Area High | Prior-day RTH |
| RVAL | Prior-day RTH Value Area Low | Prior-day RTH |
| RPOC | Prior-day RTH Volume Point of Control | Prior-day RTH |
| PDH | Prior-day High | Prior-day RTH |
| PDL | Prior-day Low | Prior-day RTH |
| PDC | Prior-day Close | Prior-day RTH |
| PDMid | Prior-day Mid (halfback) | Prior-day RTH |
| GVAH | Prior Globex Value Area High | Prior Globex |
| GVAL | Prior Globex Value Area Low | Prior Globex |
| GPOC | Prior Globex Volume Point of Control | Prior Globex |
| ONH | Prior Globex (overnight) High | Prior Globex |
| ONL | Prior Globex (overnight) Low | Prior Globex |
| Open | RTH Open price | Current session |
| OR High / Mid / Low | Opening Range High / Mid / Low | Current session |
| OR Ext 1x – 4x | Opening Range extensions (1x, 2x, 3x, 4x) | Current session |
| IBH / IBMid / IBL | Initial Balance High / Mid / Low | Current session |
| IB Ext 1x – 4x | Initial Balance extensions (1x, 2x, 3x, 4x) | Current session |
| RTH VWAP | Volume-Weighted Average Price from RTH open | Current session |
| 24 VWAP | Volume-Weighted Average Price from Globex open through RTH close | Current session |
| RTH Mid | Halfback between current RTH High and RTH Low | Current session |
| 24 Mid | Halfback for the full 24-hour session High and Low | Current session |
Configurable opening range and IB
Both the opening range and initial balance are configurable. Set your preferred OR window — 30 seconds, 1 minute, 5 minutes — and the study calculates the high, low, mid, and 1x–4x extensions automatically. The same applies to the initial balance.
Reading the map
Use the levels in confluence rather than isolation. Prior-day value area edges, RPOC, IB extensions, and VWAP cluster naturally. When two or three references stack within a few ticks, that area becomes a higher-conviction zone for response, target, or risk.
Setup & installation
- Install MGI Daily from the OFL package in a supported platform of your choice (Sierra Chart, MotiveWave, NinjaTrader, or EdgeProX).
- Set the chart to a 24-hour session timeframe.
- Set the bar period to 30 seconds, 1, 5, or 15 minutes (DND chart).
- If you use the opening range, ensure the bar period is less than or equal to the OR timeframe (a 30-second OR requires a 30-second or smaller chart).
- Apply the study and confirm all levels plot for the current and prior sessions.
Watch the MGI Daily Sierra Chart installation guide. A chartbook is included with the OFL package.
Note: Platform-specific videos for MotiveWave, NinjaTrader, and EdgeProX are provided in the Discord.
Example use case
In pre-market planning, you notice price is opening between yesterday's RPOC and the prior-day high, with 24 VWAP just below. The market drives up at the RTH open and tags PDH on the first 5-minute bar. Without MGI Daily, that level is invisible; with it, you flag the confluence of PDH and IB 1x extension as the area to watch for a fade. Pairing the level with OFL execution tools, you wait for absorption or an exhaustive push, then enter short with risk above the high.