The ICT Comprehensive Indicator is a robust tool designed to assist traders in applying key concepts from the Inner Circle Trader (ICT) methodology directly to their TradingView charts. This indicator integrates multiple ICT principles to provide a holistic view of the market, aiming to enhance trading analysis and decision-making.
Key Features:
Market Structure Analysis:
Swing Highs and Lows: Automatically identifies and marks significant swing highs and lows. Plots dotted lines at these levels to help visualize market structure and trend direction. Red Lines: Indicate swing highs (potential resistance levels). Green Lines: Indicate swing lows (potential support levels). Liquidity Pools:
Highlights potential liquidity zones where stop orders may accumulate. Marks previous swing highs and lows with small circles to identify areas institutions might target for liquidity. Order Blocks Identification:
Bullish Order Blocks: Detects the last down candle before a significant up move. Draws solid green lines extended to the right, representing potential support zones. Bearish Order Blocks: Detects the last up candle before a significant down move. Draws solid red lines extended to the right, representing potential resistance zones. Fair Value Gaps (Imbalance):
Identifies and highlights gaps in price action where the market moved rapidly, leaving imbalances. Draws semi-transparent purple boxes to indicate areas where the price may retrace to fill unfilled orders. Time and Price Theory:
Trading Sessions Highlighting: Allows selection of major trading sessions: London, New York, or Asian. Highlights the chosen session on the chart with a semi-transparent blue background. Helps focus analysis during periods of higher liquidity and volatility. Risk Management Display:
Calculates and displays the risk amount per trade based on user-defined account size and risk percentage. Shows a label on the chart with the calculated risk amount to aid in proper position sizing. Custom Alerts:
Provides alerts for key events: Formation of new swing highs or lows. Identification of bullish or bearish order blocks. Detection of fair value gaps (both up and down). How to Use:
Add the Indicator to Your Chart:
Search for "ICT Comprehensive Indicator" in the TradingView Indicators library. Add it to your chart to begin analyzing the market using ICT concepts. Configure Settings:
Trading Session Selection: Choose your preferred trading session in the settings to highlight it on the chart. Risk Management Inputs: Input your account size and desired risk percentage per trade to calculate the risk amount. Analyze the Market:
Market Structure: Use the swing highs and lows to understand the current market trend. Liquidity Pools and Order Blocks: Identify potential entry and exit points by observing marked liquidity zones and order blocks. Fair Value Gaps: Look for possible retracement areas where the price may return to fill imbalances. Set Up Alerts:
Configure alerts based on the indicator's conditions to stay informed of significant market events without constant monitoring. Benefits:
Holistic Analysis Tool: Combines multiple ICT principles into one indicator for comprehensive market analysis. Enhanced Decision-Making: Aids in identifying high-probability trade setups by highlighting key market areas. Time-Efficient: Automates the detection of complex trading concepts, saving time on manual analysis. Customizable: Adjustable settings allow tailoring the indicator to individual trading styles and preferences. Disclaimer:
This indicator is intended for educational and informational purposes only. Trading involves significant risk, and past performance is not indicative of future results. Always conduct thorough analysis and consult with a financial advisor before making trading decisions. Note:
This indicator is inspired by ICT concepts but is not affiliated with or endorsed by Inner Circle Trader. Users are encouraged to have a foundational understanding of ICT methodologies to fully benefit from this tool.
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