This script is an anchored variation of my "ICT IPDA Look Back" script. Similarly, it calculates ICT's daily IPDA look back time intervals and their respective discount / equilibrium / premium; however, it also applies the Forward Cast IPDA daily ranges.
The Forward Cast can be used to estimate the time at which IPDA might initiate a change in institutional order flow. This depends on several factors such as time of the year, and time of daily structure break.
> IPDA Basics:
IPDA stands for Interbank Price Delivery Algorithm. Said algorithm appears to be referencing the past 20, 40 , and 60 days intervals as points of reference to define ranges and related PD arrays.
Intraday traders can find most value in the 20 Day Look Back box, by observing imbalances and points of interest.
Longer term traders can reference the 40 and 60 Day Look Back boxes for a clear indication of current market conditions.
@toodegrees, I am getting a similar error and I can't even add it to my chart.
toodegrees
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@Sandemi, make sure you are on the daily timeframe :)
browntradez
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@toodegrees, its still not letting us add on the D timeframe without that error message
toodegrees
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@browntradez, Works on my end – click. the daily candle you want to anchor it to!
socoloco
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@toodegrees, can you mak eit work on lower timeframes too please? by candle count or something like that:
Sandemi
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@youngunsigned, I think you also need to klick on the chart when you add the Indicator so it calculates back and forth. But I still don't know how to use it. HYDRA said he mentioned it in one of his 2 hour video. It needs to be set on a MSS. So the middle is a Market sctructure Shift? @toodegrees
salamanka
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I cannot get this working on the Daily TF, I already have IPDA lookback and put this on and it does not show in the indicator list. It just says i have to anchor it, how? it's not clear to me how to get this on the chart at all as it does not show in the script section on my chart or the indicator list. Please help
monky_bzness
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Is it possible to add an option to have H/L levels measured from the bodies' high and lows vs wicks? Thanks again!!