Opening Range Gap + Std Dev [starclique]The ICT Opening Range Gap is a concept taught by Inner Circle Trader and is discussed in the videos: 'One Trading Setup For Life' and 2023 ICT Mentorship - Opening Range Gap Repricing Macro
ORGs, or Opening Range Gaps, are gaps that form only on the Regular Trading Hours chart.
The Regular Trading Hours gap occurs between 16:15 PM - 9:29 AM EST (UTC-4)
These times are considered overnight trading, so it is useful to filter the PA (price action) formed there.
The RTH option is only available for futures contracts and continuous futures from CME Group.
To change your chart to RTH, first things first, make sure you’re looking at a futures contract for an asset class, then on the bottom right of your chart, you’ll see ETH (by default) - Click on that, and change it to RTH.
Now your charts are filtering the price action that happened overnight.
To draw out your gap, use the Close of the 4:14 PM candle and the open of the 9:30 AM candle.
How is this concept useful?
Well, It can be used in many ways.
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How To Use The ORG
One of the ways you can use the opening range gap is simply as support and resistance
If we extend out the ORG from the example above, we can see that there is a clean retest of the opening range gap high after breaking structure to the upside and showing acceptance outside of the gap after consolidating within it.
The ORG High (4:14 Candle Close in this case) was used as support.
We then see an expansion to the upside.
Another way to implement the ORG is by using it as a draw on liquidity (magnet for price)
In this example, if we looked to the left, there was a huge ORG to the downside, leaving a massive gap.
The market will want to rebalance that gap during the regular trading hours.
The market rallies higher, rejects, comes down to clear the current days ORG low, then closes.
That is one example of how you can combine liquidity & ICT market structure concepts with Opening Range Gaps to create a story in the charts.
Now let’s discuss standard deviations.
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Standard Deviations
Standard Deviations are essentially projection levels for ranges / POIs (Point of Interests)
By this I mean, if you have a range, and you would like to see where it could potentially expand to, you’d place your fibonacci retracement tool on and high and low of the range, then use extension levels to find specific price points where price might reject from.
Since 0 and 1 are your Range High and Low respectively, your projection levels would be something like 1.5, 2, 2.5, and 3, for the extension from your 1 Fib Level, and -0.5, -1, -1.5, and -2 for your 0 Fib level.
The -1 and 2 level produce a 1:1 projection of your range low and high, meaning, if you expect price to expand as much as it did from the range low to range high, then you can project a -1 and 2 on your Fib, and it would show you what ICT calls “symmetrical price”
Now, how are standard deviations relevant here?
Well, if you’ve been paying attention to ICT’s recent videos, you would’ve caught that he’s recently started using Standard Deviation levels on breakers.
So my brain got going while watching his video on ORGs, and I decided to place the fib on the ORG high and low and see what it’d produce.
The results were very interesting.
Using this same example, if we place our fib on the ORG High and Low, and add some projection levels, we can see that we rejected right at the -2 Standard Deviation Level.
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You can see that I also marked out the EQ (Equilibrium, 50%, 0.5 of Fib) of the ORG. This is because we can use this level as a take profit level if we’re using an old ORG as our draw.
In days like these, where the gap formed was within a consolidation, and it continued to consolidate within the ORG zone that we extended, we can use the EQ in the same way we’d use an EQ for a range.
If it’s showing acceptance above the EQ, we are bullish, and expect the high of the ORG to be tapped, and vice versa.
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Using The Indicator
Here’s where our indicator comes in play.
To avoid having to do all this work of zooming in and marking out the close and open of the respective ORG candles, we created the Opening Range Gap + Standard Deviations Indicator, with the help of our dedicated Star Clique coder, a1tmaniac.
With the ORG + STD DEV indicator, you will be able to view ORG’s and their projections on the ETH (Electronic Trading Hours) chart.
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Features
Range Box
- Change the color of your Opening Range Gap to your liking
- Enable or disable the box from appearing using the checkbox
Range Midline
- Change the color of your Opening Range Gap Equilibrium
- Enable or disable the midline from appearing using the checkbox
Std. Dev
- Add whichever standard deviation levels you’d like.
- By default, the indicator comes with 0.5, 1, 1.5, and 2 standard deviation levels.
- Ensure that you add a comma ( , ) in between each standard deviation level
- Enable or disable the standard deviations from appearing using the opacity of the color (change to 0%)
Labels / Offset
- Adjust the offset of the label for the Standard Deviations
- Enable or disable the Labels from appearing using the checkbox
Time
- Adjust the time used for the indicators range
- If you’d like to use this for a Session or ICT Killzone instead, adjust the time
- Adjust the timezone used for the time referenced
- Options are UTC, US (UTC-4, New York Local Time) or UK (UTC+1, London Time)
- By default, the indicator is set to US
Innercircletrader
Average Range Levels [Pro+]Description:
The Average Range Levels builds on the concepts of ADR projections showcased in its lite version.
Average Daily Range (ADR) is a common metric used to measure volatility in an asset. It calculates the average difference between the highest and lowest price over a time interval – normally five days.
The Inner Circle Trader teaches the importance of this metric from an algorithmic point of view; in particular the 1/3ADR price level is deemed to be a threshold used to determine the area at which a Judas Swing – false move to trick market participants, protraction, manipulation – might exhaust.
Another key difference in the ICT-use of this metric compared to the classic approach is that the average range is calculated from New York midnight Time, rather than the daily candle's open.
This exact concept was upscaled to higher Timeframe fractals obtaining the Average Weekly Range (AWR) and the Average Monthly Range (AMR). The latter two metrics are anchored at the first Monday’s midnight (New York Time) of the respective interval – however they also have the option to be anchored at the True Week Open (Tuesday’s Daily Open) and True Month Open (Second Week Open).
It is crucial to remember that the elements of Time are key when it comes to interpreting how price action will, or won't, react to these levels: what Time of the day is it? what day of the week? what week of the month?
If one thinks about the Power of Three of a candle (Accumulation, Manipulation Distribution), it is highly unlikely that a Manipulation event will happen later in the candle’s development – seeing the 1/3ADR hold in London session or New York open, seeing the 1/3AWR hold on Tuesday or Wednesday, or seeing price race to the 1/3AMR early on in the month gives undeniable edge to an Analyst.
Apart from the 1/3 level seen from a Judas perspective, the opposing 1/3 level, and the full AR projections, are excellent algorithmic levels at which we will see orderflow or reactions worth studying. These can be take profit targets, reversal opportunities, pyramid entries, …
Last but not least, the tool is equipped with a Data Table. You have a clear narrative but you are unsure of when price will expand? Track the previous 5 ARs and the current Range for Daily, Weekly, and Monthly – the smaller the AR the higher the chance for an expansion, the larger the AR the higher the chance for a consolidation.
Tool Features:
Auto Color the drawings based on your chart’s background or choose your own
Decide whether to consider daily candles, or New York (00:00 to 00:00 NY Time) for the basis of the calculation
Show the last 10 Historical Levels
– See the AR Range, the AR price levels and 1/3AR price levels by hovering over the text labels
Plot the AR levels from their Time Anchor, or as offset markers on the side for a cleaner look
Show/Hide all elements individually
In the Idea below, you can see how INDEX:BTCUSD hit the 1/3AMR level at the end of the second week of the month. The subsequent rejection from this level suggests we might have witnessed a Judas Swing, hence we flip to bullish bias.
In the more recent AWR levels, we can see how price did not touch any level until friday – this is a consolidation week with low probability setups. This was expected, if one looks at the precious two week's ranges and respective average ranges in the Data Table: both breached the AR value, due to to the great expansion higher.
Lastly for the ADR levels we can see how the Judas higher got beautifully stopped at the 1/3 level, and the full ADR level on the opposite side catches price while it falls.
To Get Access, and Level Up see the Author's Instructions below!
This indicator is available only on the TradingView platform.
⚠️ Intellectual Property Rights ⚠️
While this tool's base concepts are public, its interpretation, code, and presentation are protected intellectual property. Unauthorized copying or distribution is prohibited.
⚠️ Terms and Conditions ⚠️
This financial tool is for educational purposes only and not financial advice. Users assume responsibility for decisions made based on the tool's information. Past performance doesn't guarantee future results. By using this tool, users agree to these terms.
FX4Model° [fx4_living x toodegrees]Introducing the FX4 Model, an advanced automated trading framework designed to optimize your trading positions made by the trader fx4_living. This model integrates the previous day's high and low, and half of that range, to identify premium and discount zones.
The FX4 Model incorporates the ICT Asian range, spanning from 20:00 (New York time) to the midnight open. This period constitutes part of the day's accumulation range, during which a large volume of orders is processed. This implies that the high and low of this range are perceived as crucial liquidity pool zones.
The FX4 Model features a time-based dashboard. This dashboard presents key information such as the close of the previous candle. It also indicates the remaining time before certain significant candle closes (price and time).
With this tool, you gain a robust trading framework that empowers you to capitalize on profitable trading opportunities.
The FX4 accumulation range spans from the previous day's close to 2 AM New York local time. This range is part of the day's accumulation period, during which a lot of orders are triggered. Therefore, the high and the low of this range are seen as vital liquidity pool zones.
The ICT midnight open is marked with a vertical line at 00:00. This refers to the opening price of a financial instrument at midnight New York time. This opening price is significant as it serves as a reference point for trading strategies.
Time-To-Close Dashboard
This outstanding Dashboard displays the Time Frame and its "Time-To-Close".
It shows the Previous Candle Close (Bullish or Bearish).
The Time will appear in Red when there's 5 minutes left before the candle closes.
Previous Day Range (High-Low + 50%)
The previous day's high and low (PD) ranges can be leveraged in your trading strategy for the current day, using them as reference points for potential trading opportunities. The 50% division creates premium and discount zones within the previous day's range. If the price is in the discount zone, you should look for a buy opportunity, whereas if the price is in the premium zone, a sell opportunity should be considered.
FX4 Accumulation Range (High-Low + 50%)
The accumulation range's high and low points provide the most recent liquidity zone for the current day. These points can be used as reference points for potential trading opportunities. The 50% division here also creates premium and discount zones within the accumulation range. If the price is in the discount zone, a buy opportunity should be considered, and if the price is in the premium zone, a sell opportunity should be considered.
Other features:
Automatic Time Zone: As the title suggests, the automatic time zone feature means that you'll never need to adjust any GMT or hour settings. Everything updates automatically, even if you don't live on the East Coast of the United States.
Automatic Dark/Light Mode All graphics will automatically adapt their color based on your background. There's no need to tweak any settings; they're designed to provide consistent visuals.
h/l raid @joshuuuThis indicator shows, when important liquidity pools have been taken out.
Which liquidity pools are important and how should I use them?
The day can be divided into different session. asia, london and new york session, those sessions can be narrowed down even further into killzones, taught by ict.
The times for those killzones are:
Asia - 2000-0000 ny time
London - 0200-0500 ny time
ny am - 0830-1100 ny time
nypm - 13.30-1600 ny time
Highs/Lows that have been created within those killzones (sessions with highest volume) should hold some liquidity.
That's why this indicator displays arrows with different colors to highlight once those highs/lows get taken out.
Additionally, the indicator also shows raids (liquidity grabs) of the previous daily, previous weekly and previous monthly high/low.
All colors are adaptable.
How do I use that indicator for my trading.
Once those important liquidity pools are taken out, we often see a reversal in the marketplace. One can wait for a raid and then watch for a potential market structure shift into the opposite direction to anticipate a reversal.
Note:
It is possible to create alerts for those kind of raids.
Examples:
ES:
Price takes out Asia High (red triangle) and London High (blue triangle). Price then forms a market structure shift (lower low after a series of higher lows) and creates a fair value gap while doing so.
That would be a valid setup. Again, all these are concepts by TheInnerCircleTrader.
EU:
On this EurUsd Chart, we can see, how the triangles (liquidity grabs) can be an early indication for potential reversals.
Asia high and london high has been taken out. market structure shift (light bulb) and then a fairvalue gap.
itradesize /\ Overnight Session & Silver BulletOvernight Session & Silver Bullet indicator
The indicator can be divided into two separate stuff:
ONS ( Overnight Session ) based on TCM’s ( TheCurrencyMerchant ) theory and Silver Bullet based on what ICT ( InnerCircleTrader ) is teaching to us.
Overnight Session
• ONS will be always based on Chicago 4am to 8am time according to TCM’s CME teaching.
The indicator has the option to show TSO ( Today’s session only ) which is good to have the chart not messed up by it. At this time when it comes to backtesting just turn this off to have the past ONS and SB ranges showed up on your chart.
• Mid line at the ONS range is useful to have as you are able to decide wether price is in a premium or a discount under the ONS.
If Im a buyer target is above the range, if Im a seller target is below the range.
• You are also able to have SD ( Standard Deviation ) lines for price projections. In the variety of TCM’s videos you are able to have a deeper knowledge.
• You can also extend Today’s ONS lines to the very end of the chart which could make an easier looking on the levels you eyeing with.
Silver Bullet
It’s based on New York time as ICT ( Inner Circle Trader ) is always teaching to us that we should use New York time, every time when it comes to his concepts.
Silver Bullets are always be there aiming of an opposing liquidity pool. They are working even on choppy days.
Silver Bullet hours:
• 03:00 - 04:00am NY Time
• 10:00 - 11:00am NY Time
• 02:00 - 03:00pm NY Time
SB highlighted areas could be shown as a box or a range according to your taste, with or without Start/End lines.
Both of them ca be used to form trades.
You should dig yourself into Silver Bullet ( InnerCircleTrader ) and Overnight Session ( TheCurrencyMerchant ) teachings before the use of the indicator.
Simple setups
• Silver Bullet
Look 20-30 minutes before any SB where the Buy or Sell program has started.
Where the first 1m FVG ( Fair Value Gap ) appears under the range, enter the trade.
Expect only a 5 handle move as a beginner.
1m chart is a must for these kind of FVG entries. ( 30s , 15s can also be used )
• ONS
Price is trading aggressively out of the range to take liquidity.
Once price grabbed liquidity that candle on the 3-5m could considered as on order block for the further movement.
If you are trading in the range, then the opposite side can be the target, if its out of the range and trading one sided, then use standard deviations as 0.5 is a minimum target.
Seasonal Open Interest° by toodegreesDescription:
The Open Interest (OI) is a valuable metric that gets released at the end of each trading day. This metric represents the number of outstanding futures contracts held by market participants for a given commodity or market
The concept of utilizing the OI data as a strategic trading tool was first introduced by Larry Williams :
Rise in Price + Rise in OI: strong trend – new money is coming into the market, showing aggressive buying activity
Rise in Price + Decline in OI: weakening trend – less money coming into the market, suggesting that the move is likely to reverse lower
Decline in Price + Decline in OI: strong trend – new money is coming into the market, showing aggressive selling activity
Decline in Price + Rise in OI: weakening trend – less money coming into the market, suggesting that the move is likely to reverse higher
The Inner Circle Trader (ICT) expanded on these ideas, by exposing Smart Money's behaviour:
Rise in Price + Rise in OI: shorts are being stopped out, and new sellers take their place – gradually, longs get stronger and shorts get weaker
Rise in Price + Decline in OI: Smart Money longs are taking profit and liquidating their positions, and weak shorts are exiting the market
Decline in Price + Decline in OI: longs are being stopped out, and new buyers take their place – gradually, shorts get stronger and longs get weaker
Decline in Price + Rise in OI: Smart Money shorts are taking profit and liquidating their positions, and weak longs are exiting the market
Further, ICT showed the importance of OI in consolidations at Institutional Support or Resistance levels:
Consolidation + Rise in OI: bearish sign due to Smart Money is playing the short side and accumulating positions
Consolidation + Decline in OI: bullish sign due to Smart Money covering their short positions
Last but not least, the Seasonal Open Interest shows us a historical reference point of how OI usually, but not always, develops over the trading year.
Depending on the narrative, a higher/lower OI than its Seasonal Tendency can provide an incredible edge by pointing traders towards what side Smart Money is taking.
The Open Interest Meter shows you a visual representation of how many Standard Deviations the Open Interest is deviating from its Seasonal Tendency.
You can also display this visually as a shaded area between the two metrics:
Features:
Plot Open Interest Data
Plot the Seasonal Open Interest for a specific year
See the OI vs. Seasonal OI in a tailored meter
Shade the area between the OI and the Seasonal OI based on their difference
ICT Commitment of Traders° by toodegreesDescription:
The Commitment of Traders (COT) is a valuable raw data report released weekly by the Commodity Futures Trading Commission (CFTC). This report offers insights into the current long and short positions of three key market entities:
Commercial Traders ( usually represented in red )
Large Traders ( typically depicted in green )
Small Speculator Traders ( commonly shown in blue )
The concept of utilizing the COT data as a strategic trading tool was first introduced by Larry Williams, who emphasized the importance of monitoring Commercial Speculators – large corporate producers or consumers of commodities.
The Inner Circle Trader (ICT) prompts us to delve deeper into this data. While we can easily determine their Net Position (also referred to as the Main Program) by subtracting Commercial Short Positions from the Commercial Long Positions, this calculation doesn't reveal their ongoing Hedge Program .
Merely following the Main Program won't provide a trading edge. Aligning with the Hedge Program can be an invaluable weapon in your trading arsenal.
The Commercial Speculators' Hedge Program can be unveiled by examining the highest and lowest reading of their Net Position over a chosen time period and setting a new "zero line" between these extremes. This process generates a novel "COT Graph" providing a detailed understanding of the Commercial Speculators' current market activity.
When the Hedge Program, Seasonality, and Open Interest are cross-referenced with Institutional Orderflow, a trader can construct a very clear medium-to-long-term market narrative.
Features:
Access COT Data for the Commercial Speculators via Tradingview's reliable data source
Automate calculations and display the 3-month, 6-month, 12-month, 2-year, and 3-year Hedge Program
Define your own Custom Time Range for the Hedge Program
Display the Main Program and all Hedge Programs in an easy-to-understand table format
Additionally, by following the included instructions, you can augment your table with COT data from multiple markets. This extra information can help monitor correlated markets and develop a more robust market narrative:
Seasonal Tendency° [Pro+] by toodegreesTRADINGVIEW IMAGE IS NOT DISPLAYING THE TOOL CORRECTLY, CHECK OUT THE IMAGES BELOW!
Description:
A Seasonal Tendency is a historical pattern or roadmap that reflects how price action has behaved in the past during specific time periods, usually on a monthly basis. It is not an absolute guarantee of future price movements, but rather a general rule of thumb to identify potential high-probability long-term trades. Seasonal tendencies can be used to analyze various pairs and asset classes, and when combined with the underlying market trends or conditions, they can help traders narrow down specific times of the year when big moves are more likely to occur.
Keep in mind that while these seasonal tendencies have been successfully compared with the Inner Circle Trader's go-to seasonal third-party provider and are based on sound statistical logic, their reliability is dependent on the data available on TradingView. This means that the accuracy and relevance of these tendencies may vary, but they still serve as valuable tools for identifying potential high-probability trading opportunities when used in conjunction with other market analysis techniques. Pay attention to the Years of Data used to determine the significance of the information for your trading hypotheses.
Tool Features:
Discover the power of our innovative tool that seamlessly integrates all available TradingView data to create a dynamic on-chart seasonal display:
– Monitor the 5, 10, 15, 30, and All Time Seasonal graphs with ease
– Effortlessly visualize and align the seasonal graphs with real-time prices for a holistic view
– Align the seasonal graph with the annual timeline, pinpointing precise moments for potential trading setups, keeping Months and Quarters in mind
– Read into the seasonality thanks to the Seasonal Lows and Highs Matrix
– Auto-detect the underlying Futures Contract's Asset Class
– Monitor the entire Asset Class' Seasonal Tendencies with a tailored Seasonal Lows and Highs Matrix
Find a Video Preview and the User Manual here .
Templates:
Dark Mode
Table+Overlay
Holy Seasonal
Collection of all Asset Classes for Commodity Futures in one place. Note: the number of dashboards depends on your Tradingview Plan.
To Get Access, and Level Up see the Author's Instructions below!
This indicator is available only on the TradingView platform.
⚠️ Intellectual Property Rights ⚠️
While this tool's base concepts are public, its interpretation, code, and presentation are protected intellectual property. Unauthorized copying or distribution is prohibited.
⚠️ Terms and Conditions ⚠️
This financial tool is for educational purposes only and not financial advice. Users assume responsibility for decisions made based on the tool's information. Past performance doesn't guarantee future results. By using this tool, users agree to these terms.
Killzones @joshuuuThis Indicator is based on "ICT Killzones" - sessions in which price moves the "cleanest" and usually has the most volume.
The script is able to either display Killzones as a Label above current bars, or in form of lines on top or bottom of the charts.
Also, the user is able to choose between Forex Killzones and Indices Killzones.
times for killzones:
Forex
-London 0200-0500
-NY 0700-1000
Indices
-London 0200-0500
-NY AM 0830-1100
-NY PM 1330-1600
⚠️ Open Source ⚠️
Coders and TV users are authorized to copy this code base, but a paid distribution is prohibited. A mention to the original author is expected, and appreciated.
⚠️ Terms and Conditions ⚠️
This financial tool is for educational purposes only and not financial advice. Users assume responsibility for decisions made based on the tool's information. Past performance doesn't guarantee future results. By using this tool, users agree to these terms.
Simple ICT Market Structure by toodegreesThis Simple ICT Market Structure is based on the teachings of ICT, specifically in his episode 12 of the Public 2022 Mentorship.
The only omission here is the peculiar calculation of Intermediate Term points, for which I am not using the concept of repricing imbalances – this can be added later!
Feel free to use this tool, however it is quite simple and market structure is something we all know very well how to spot. In my opinion it is helpful to display the long term swing points to identify more mature pools of liquidity.
The reason for coding this tool is to help new coders understand PineScript (I have a video tutorial where I code this from start to finish), as well as fostering some algorithmic thinking in your trading of ICT Concepts and Algorithmic Delivery.
If you have any questions about the code, shoot me a message!
Hope you learn something and GLGT!
ICT Concepts [LuxAlgo]The ICT Concepts indicator regroups core concepts highlighted by trader and educator "The Inner Circle Trader" (ICT) into an all-in-one toolkit. Features include Market Structure (MSS & BOS), Order Blocks, Imbalances, Buyside/Sellside Liquidity, Displacements, ICT Killzones, and New Week/Day Opening Gaps.
🔶 SETTINGS
🔹 Mode
When Present is selected, only data of the latest 500 bars are used/visualized, except for NWOG/NDOG
🔹 Market Structure
Enable/disable Market Structure.
Length: will set the lookback period/sensitivity.
In Present Mode only the latest Market Structure trend will be shown, while in Historical Mode, previous trends will be shown as well:
You can toggle MSS/BOS separately and change the colors:
🔹 Displacement
Enable/disable Displacement.
🔹 Volume Imbalance
Enable/disable Volume Imbalance.
# Visible VI's: sets the amount of visible Volume Imbalances (max 100), color setting is placed at the side.
🔹 Order Blocks
Enable/disable Order Blocks.
Swing Lookback: Lookback period used for the detection of the swing points used to create order blocks.
Show Last Bullish OB: Number of the most recent bullish order/breaker blocks to display on the chart.
Show Last Bearish OB: Number of the most recent bearish order/breaker blocks to display on the chart.
Color settings.
Show Historical Polarity Changes: Allows users to see labels indicating where a swing high/low previously occurred within a breaker block.
Use Candle Body: Allows users to use candle bodies as order block areas instead of the full candle range.
Change in Order Blocks style:
🔹 Liquidity
Enable/disable Liquidity.
Margin: sets the sensitivity, 2 points are fairly equal when:
'point 1' < 'point 2' + (10 bar Average True Range / (10 / margin)) and
'point 1' > 'point 2' - (10 bar Average True Range / (10 / margin))
# Visible Liq. boxes: sets the amount of visible Liquidity boxes (max 50), this amount is for Sellside and Buyside boxes separately.
Colour settings.
Change in Liquidity style:
🔹 Fair Value Gaps
Enable/disable FVG's.
Balance Price Range: this is the overlap of latest bullish and bearish Fair Value Gaps.
By disabling Balance Price Range only FVGs will be shown.
Options: Choose whether you wish to see FVG or Implied Fair Value Gaps (this will impact Balance Price Range as well)
# Visible FVG's: sets the amount of visible FVG's (max 20, in the same direction).
Color settings.
Change in FVG style:
🔹 NWOG/NDOG
Enable/disable NWOG; color settings; amount of NWOG shown (max 50).
Enable/disable NDOG ; color settings; amount of NDOG shown (max 50).
🔹 Fibonacci
This tool connects the 2 most recent bullish/bearish (if applicable) features of your choice, provided they are enabled.
3 examples (FVG, BPR, OB):
Extend lines -> Enabled (example OB):
🔹 Killzones
Enable/disable all or the ones you need.
Time settings are coded in the corresponding time zones.
🔶 USAGE
By default, the indicator displays each feature relevant to the most recent price variations in order to avoid clutter on the chart & to provide a very similar experience to how a user would contruct ICT Concepts by hand.
Users can use the historical mode in the settings to see historical market structure/imbalances. The ICT Concepts indicator has various use cases, below we outline many examples of how a trader could find usage of the features together.
In the above image we can see price took out Sellside liquidity, filled two bearish FVGs, a market structure shift, which then led to a clean retest of a bullish FVG as a clean setup to target the order block above.
Price then fills the OB which creates a breaker level as seen in yellow.
Broken OBs can be useful for a trader using the ICT Concepts indicator as it marks a level where orders have now been filled, indicating a solidified level that has proved itself as an area of liquidity. In the image above we can see a trade setup using a broken bearish OB as a potential entry level.
We can see the New Week Opening Gap (NWOG) above was an optimal level to target considering price may tend to fill / react off of these levels according to ICT.
In the next image above, we have another example of various use cases where the ICT Concepts indicator hypothetically allow traders to find key levels & find optimal entry points using market structure.
In the image above we can see a bearish Market Structure Shift (MSS) is confirmed, indicating a potential trade setup for targeting the Balanced Price Range imbalance (BPR) below with a stop loss above the buyside liquidity.
Although what we are demonstrating here is a hindsight example, it shows the potential usage this toolkit gives you for creating trading plans based on ICT Concepts.
Same chart but playing out the history further we can see directly after price came down to the Sellside liquidity & swept below it...
Then by enabling IFVGs in the settings, we can see the IFVG retests alongside the Sellside & Buyside liquidity acting in confluence.
Which allows us to see a great bullish structure in the market with various key levels for potential entries.
Here we can see a potential bullish setup as price has taken out a previous Sellside liquidity zone and is now retesting a NWOG + Volume Imbalance.
Users also have the option to display Fibonacci retracements based on market structure, order blocks, and imbalance areas, which can help place limit/stop orders more effectively as well as finding optimal points of interest beyond what the primary ICT Concepts features can generate for a trader.
In the above image we can see the Fibonacci extension was selected to be based on the NWOG giving us some upside levels above the buyside liquidity.
🔶 DETAILS
Each feature within the ICT Concepts indicator is described in the sub sections below.
🔹 Market Structure
Market structure labels are constructed from price breaking a prior swing point. This allows a user to determine the current market trend based on the price action.
There are two types of Market Structure labels included:
Market Structure Shift (MSS)
Break Of Structure (BOS)
A MSS occurs when price breaks a swing low in an uptrend or a swing high in a downtrend, highlighting a potential reversal. This is often labeled as "CHoCH", but ICT specifies it as MSS.
On the other hand, BOS labels occur when price breaks a swing high in an uptrend or a swing low in a downtrend. The occurrence of these particular swing points is caused by retracements (inducements) that highlights liquidity hunting in lower timeframes.
🔹 Order Blocks
More significant market participants (institutions) with the ability of placing large orders in the market will generally place a sequence of individual trades spread out in time. This is referred as executing what is called a "meta-order".
Order blocks highlight the area where potential meta-orders are executed. Bullish order blocks are located near local bottoms in an uptrend while bearish order blocks are located near local tops in a downtrend.
When price mitigates (breaks out) an order block, a breaker block is confirmed. We can eventually expect price to trade back to this breaker block offering a new trade opportunity.
🔹 Buyside & Sellside Liquidity
Buyside / Sellside liquidity levels highlight price levels where market participants might place limit/stop orders.
Buyside liquidity levels will regroup the stoploss orders of short traders as well as limit orders of long traders, while Sellside liquidity levels will regroup the stoploss orders of long traders as well as limit orders of short traders.
These levels can play different roles. More informed market participants might view these levels as source of liquidity, and once liquidity over a specific level is reduced it will be found in another area.
🔹 Imbalances
Imbalances highlight disparities between the bid/ask, these can also be defined as inefficiencies, which would suggest that not all available information is reflected by the price and would as such provide potential trading opportunities.
It is common for price to "rebalance" and seek to come back to a previous imbalance area.
ICT highlights multiple imbalance formations:
Fair Value Gaps: A three candle formation where the candle shadows adjacent to the central candle do not overlap, this highlights a gap area.
Implied Fair Value Gaps: Unlike the fair value gap the implied fair value gap has candle shadows adjacent to the central candle overlapping. The gap area is constructed from the average between the respective shadow and the nearest extremity of their candle body.
Balanced Price Range: Balanced price ranges occur when a fair value gap overlaps a previous fair value gap, with the overlapping area resulting in the imbalance area.
Volume Imbalance: Volume imbalances highlight gaps between the opening price and closing price with existing trading activity (the low/high overlap the previous high/low).
Opening Gap: Unlike volume imbalances opening gaps highlight areas with no trading activity. The low/high does not reach previous high/low, highlighting a "void" area.
🔹 Displacement
Displacements are scenarios where price forms successive candles of the same sentiment (bullish/bearish) with large bodies and short shadows.
These can more technically be identified by positive auto correlation (a close to open change is more likely to be followed by a change of the same sign) as well as volatility clustering (large changes are followed by large changes).
Displacements can be the cause for the formation of imbalances as well as market structure, these can be caused by the full execution of a meta order.
🔹 Kill Zones
Killzones represent different time intervals that aims at offering optimal trade entries. Killzones include:
- New York Killzone (7:9 ET)
- London Open Killzone (2:5 ET)
- London Close Killzone (10:12 ET)
- Asian Killzone (20:00 ET)
🔶 Conclusion & Supplementary Material
This script aims to emulate how a trader would draw each of the covered features on their chart in the most precise representation to how it's actually taught by ICT directly.
There are many parallels between ICT Concepts and Smart Money Concepts that we released in 2022 which has a more general & simpler usage:
ICT Concepts, however, is more specifically aligned toward the community's interpretation of how to analyze price 'based on ICT', rather than displaying features to have a more classic interpretation for a technical analyst.
ICT Algorithmic Macro Tracker° (Open-Source) by toodegreesDescription:
The ICT Algorithmic Macro Tracker° Indicator is a powerful tool designed to enhance your trading experience by clearly and efficiently plotting the known ICT Macro Times on your chart.
Based on the teachings of the Inner Circle Trader , these Time windows correspond to periods when the Interbank Price Delivery Algorithm undergoes a series of checks ( Macros ) and is probable to move towards Liquidity.
The indicator allows traders to visualize and analyze these crucial moments in NY Time:
- 2:33-3:00
- 4:03-4:30
- 8:50-9:10
- 9:50-10:10
- 10:50-11:10
- 11:50-12:10
- 13:10-13:50
- 15:15-15:45
By providing a clean and clutter-free representation of ICT Macros, this indicator empowers traders to make more informed decisions, optimize and build their strategies based on Time.
Massive shoutout to @reastruth for his ICT Macros Indicator , and for allowing to create one of my own, go check him out!
Indicator Features:
– Track ongoing ICT Macros to aid your Live analysis.
- Gain valuable insights by hovering over the plotted ICT Macros to reveal tooltips with interval information.
– Plot the ICT Macros in one of two ways:
"On Chart": visualize ICT Macro timeframes directly on your chart, with automatic adjustments as Price moves.
Pro Tip: toggle Projections to see exactly where Macros begin and end without difficulty.
"New Pane": move the indicator two a New Pane to see both Live and Upcoming Macro events with ease in a dedicated section
Pro Tip: this section can be collapsed by double-clicking on the main chart, allowing for seamless trading preparation.
This indicator is available only on the TradingView platform.
⚠️ Open Source ⚠️
Coders and TV users are authorized to copy this code base, but a paid distribution is prohibited. A mention to the original author is expected, and appreciated.
⚠️ Terms and Conditions ⚠️
This financial tool is for educational purposes only and not financial advice. Users assume responsibility for decisions made based on the tool's information. Past performance doesn't guarantee future results. By using this tool, users agree to these terms.
HTF Power of Three°Power of Three ( PO3 ) is one of the many concepts introduced by the Inner Circle Trader and inspired by Larry Williams.
The PO3 represents a three staged Smart Money campaign: Accumulation , Manipulation , and Distribution .
ICT traders assume that this pattern represents how any candle is built.
“This is applicable to every time measurement, as long as you have a beginning time, the highest value, the lowest value, and an ending in terms of measuring time.”
Consider the development of a Bullish Candle over Time:
– Candle Open (initial value price, prior to dynamic imbalance)
– Accumulation of longs around the opening price
– Manipulation where short liquidity is engineered and long liquidity is neutralized
– Range Expansion (dynamic price imbalance)
– Distribution pairing long exits with pending buy interest
– Candle Close (ending value price, post dynamic imbalance)
The same goes for the development of Bearish Candles, in reverse.
The HTF Power of Three° Indicator allows to monitor the selected Higher Timeframe Candle in real time:
– See where its Open, High, and Low are in the current lower resolution with high precision
– Know when it's supposed to Close by monitoring its own countdown (if below 1D)
– Note its Low to High range to gain a deeper understanding of LTF market profiles
– Study and backtest PO3 in Replay Mode with ease
– Trade PO3 with confidence without needing multiple layouts
This becomes very useful when studying, and especially using, PO3. One can use this as a tool to build narrative, as well as spotting important institutional levels.
You can also monitor more than one HTF PO3 at the time by stacking multiple instances of the indicator:
This works on any timeframe, even the seconds charts!
Note: if you select too high of a PO3 timeframe while on LTF you might receive an error due to TrandingView's data availability on that chart – this can also depend on your TradingView Plan.
Cuck WickAcknowledgement
This indicator is dedicated to my friend Alexandru who saved me from one of these scam cuck wicks which almost liquidated me.
Alexandru is one of the best scalpers out there and he always nails his entries at the tip of these wicks.
This inspired me to create this indicator.
What's a cuck wick?
It's that fast stop-hunting wick that cucks everyone by triggering their stop-loss and liquidation.
Liquidity is the lifeblood of stock market and liquidation is the process that moves price.
This indicator will identify when a liquidity pool is getting raided to trigger buy or sell stops, they are also know as stop-hunts.
How does it work?
When market consolidates in one direction, it builds up liquidity zones.
Market maker will break out of these consolidation phases by having dramatic price action to either pump or dump to raid these liquidity zones.
This is also called stop-hunts or liquidity raids. After that it will start reversing back to the opposite direction.
This is most noticeable by the length of the wick of a given candle in a very short amount of time and the total size of the candle.
This indicator highlights them accordingly.
Settings
Wick and Candle ratio works with default values but finetune will enhance user experience and usability.
Wick Ratio: Size of the wick compared to body of a candle.
Adjust this to higher ratio on smaller timeframe or smaller ratio on bigger timeframe to your trading style to spot a trend reversal.
Candle Ratio: The size of the candle, by default it is 0.75% of the current price.
For example, if BTC is at 20,000 then the size of the candle has to be minimum 150.
This can be fine tuned to bigger candle size on higher time frames or smaller for shorter timeframe depending on the trade type.
How to use it?
This indicator will identify when a liquidity pool is getting raided to trigger buy or sell stops, they are also know as stop-hunts. It can be used of its own for scalping but there are also a good few indicators which would most definitely help to confluence bigger timeframe trades.
Scalp
This indicator shows the most chaotic moments in price action; therefore it works best on smaller timeframes, ideally 3 or 5 minute candle.
- Wait for the market to start pumping or dumping.
- Current candle will change colour (Bullish/Bearish).
- Enter trade as soon as price starts to reverse back.
- Place the stop-loss outside of the current candle.
- Wait for the cuck wick to appear as confirmation.
Price is very chaotic during a liquidity stop-hunt raid but there is a saying:
"In the midst of chaos, there is also opportunity" - Sun-Tzu
Since this is a very high risk, high reward strategy; it is advised to practice on paper trade first.
Practice until perfection and this indicator would be the perfect bread and butter scalp confirmation.
Fair Value Gap
FVG strategy is the most accurate in conjunction with this indicator.
Normally price would reverse after consuming fair value gaps but often it's difficult to know when and where.
This indicator would identify those crucial entry points for reverse course direction of the price action.
Support and Resistance
This indicator can also be used in conjunction with support and resistance lines.
Generally the cuck will go deep below the support or spike much further up the resistance lines to liquidate positions.
Bollinger Bands
Bolling Bands strategy would be to wait until the price breaks out of the band.
Once the wick is formed, it would be an ideal entry point.
Script change
This is an open-source script and feel free to modify according to your need and to amplify your existing strategy.
Midnight Open NY TimeMidnight Open shows opening price of the first candle after New York Midnight.
According to ICT, this is what IBPDA - Inter Bank Price Delivery Algorithm - sees as a true market opening and we should aim for shorts above it (sell for premium) and longs below it (buy at discount).
dmn's ICT ToolkitThis is my quality of life indicator for forex trading using the methods and concepts of ICT.
The idea is to automate marking up important price levels and times of the day instead of doing it manually every day.
Killzones
Marks the most volatile times of the day on the chart, during which the intraday high/low usually takes place.
Particularly impactful when there's news released during these times.
London Open (02:00-05:00 EST)
New York Open (08:30-11:00 EST)
London Close (10:00-11:30 EST)
True Day delineation
Vertical line at the start of the "true day" (00:00 EST), start of the algorithmic trading day and aids in visualizing the intraday direction.
New York midnight price level
Noteworthy price level at the start of the "true day".
This price level is referenced by the interbank trading algorithms during the day. Buy below it on bullish days, sell above it on bearish days.
Daily open price level
Reference level for optimal trade entries. Buy below it on bullish days, sell above it on bearish days.
Central Banks Dealers Range (CBDR) (14:00-20:00 EST) &
Central Banks Dealers Flout (CBDF) (15:00-24:00 EST) &
Asian Range (AR) (20:00-24:00 EST)
The standard deviation lines available are used to make predictions for short-term future highs/lows when the CBDR and AR are smaller than 40 pips.
Trade them by looking for 5/15min key levels that converge with the projection levels.
X days Average Daily Range (ADR)
Default to 5 days back, gives an idea of how much movement to expect intraday when the ADR high/low is converging with CBDR/CBDF/AR standard deviations.
Current Daily Range (CDR)
Used for comparison against the ADR to help determine if there's enough intraday range left to enter a trade.
Dynamically changes color based on percentage of the ADR. Green below 50% of ADR, orange between 50 and 100%, red when CDR exceeds ADR.
All of the above are used in conjunction with each other and higher timeframe levels of importance to find entries and target.
Note: Preferably use New York's time zone for your charts.
Weekly Power 3Did you know there is a simple line you can place on your chart to immediately make the weeks price action more understandable? Its called the Weekly Open Line. And its the opening price of the trading week. It was created by The Inner Circle Trader (ICT) and incorporates another one of his concepts called Power 3.
The Weekly Power 3 indicator takes the idea of the Weekly Open Line and builds a suite of intelligent and dynamic tools around it that will immediately help the user to start understanding how price moves within the trading week context.
Features
Static Weekly Open Line
Intelligent Days of the Week Text
Dynamic Weekly High Line
Dynamic Weekly Low Line
Weekly High Candle Label (highest candle of the week)
Weekly Low Candle Label (lowest candle of the week)
Best Odds High of the Week Zone Line & Text
Best Odds Low of the Week Zone Line & Text
Components
The primary feature is a line that forms on the weekly open price and grows as the week progresses. Additionally, lines are created for the highest and lowest prices of the week so the weekly profile can be easily recognized. A dynamic label marks each weeks highest and lowest point. This will automatically move as prices expand throughout the week.
A very useful component of the Weekly Power 3 indicator is the Days of the Week text. Each Day of the Week text is displayed in the middle of each trading day and also the user can specify in the Settings whether to position the text at the high or low of the weeks price range. Additionally, there is a Buffer setting that allows the user to move the Days of the Week text up or down to prevent chart overlapping.
To help the user visualize the span of time with the best odds of forming the weekly highs or weekly lows, according to ICT, this indicator adds at static line and optional label into the charts future that projects the span from Tuesday’s London Open to Wednesday’s New York. Having a static line out in the future on your chart really helps to picture where price could be drawn to based solely around time of the week.
Premise
ICT says that the weekly open price is the most important level that price reacts to across the five days of a trading week. If the week profile is expected to be bullish then price many times goes below the weekly open line at the beginning of the week and above it later in the week (a.k.a Bullish Power 3). Consequently, if the week is anticipated to be a bearish week, price often times starts the week high and then goes lower throughout the week (a.k.a Bearish Power 3).
ICT always specifies that the weekly high or weekly low have the best odds of forming between the Tuesday’s London Open and Wednesday’s New York Open.
Inputs and Style
Like all scripts publish by Infinity Trading, everything in the indicator is customizable by the user. Every label, line, or text can be individually toggled ON or OFF so the user has complete control over the elements they want displayed on their chart. All of the lines can be individually adjusted by color, line style, or line width. The color and text color on the high and low of the week labels can be individually changed. The text in the chart (day of the week & best odds zones text) each have a “buffer” value. This allows the user to individually move the text up or down on the chart to declutter the chart. And lastly, the day of the week text can be positioned above or below the weeks price action and the text will dynamically move higher or lower as price expands throughout the week.
Previous weeks have all of the Weekly Power 3 markups so it's easy to study past price action and identify trends.
Gallery
View the weeks price action
View multiple weeks price action
Visualize future price action
ICT Anchored IPDA RangesThis 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.
Thanks to @atradesdaily for the suggestion.
ICT IPDA Look BackThis script automatically calculates and updates ICT's daily IPDA look back time intervals and their respective discount / equilibrium / premium, so you don't have to :)
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.
ICT Market Protraction (0:00, 7:00, 20:00 NY time highlight)Market protraction, as defined by ICT, is a time-specific reoccurring impulse move in forex markets. It is designed for market manipulation and will go in the opposite direction of the following trend.
My indicator will add a shape above/below the candle if it fits the time criteria.
I recommend to watch: ICT Mentorship Core Content - Month 1 - Impulse Price Swings & Market Protraction on Youtube
ICT Index ScheduleNew ICT student here, decided to compile the daily schedule and salient levels for London and New York index sessions into one place to aid my learning – thought others might benefit from this too :)
The script works with whatever timezone setting, however make sure to change your timezone to New York time if you want to have the proper time-price alignment (I personally find it helpful when studying).
Here's a legend of all the elements displayed at once:
London only:
New York only:
// Couldn't find a comprehensive script with all the elements included, s/o to @the1dv for their Days of Week script.
FXC Order Block Finder █ OVERVIEW
The FXC Order Bock Finder finds and draws institutional order blocks according to the Smart Money Concept. Order blocks are zones where institutions have most likely left some orders that need to be filled at a later point in time. In These order blocks or POIs can be used to either place limit orders or to look for instant entries as price comes to retest the zone. It works on all time frames but higher time frames tend to be more precise.
█ HOW DOES IT WORK?
The indicator waits for a break of structure (BOS) and then prints a zone if there's an engulfing pattern and an open imbalance. Basically it draws zones where a fake move followed by aggressive buying or selling happened and Imbalances were left open.
█ WHAT MAKES IT UNIQUE?
Apart from the fact that I haven’t found any indicator that is able to properly draw order blocks most indicators do re-paint which doesn’t make any sense in the case of the Smart Money Concept.
Furthermore does this indicator have settings that let’s you adjust how the order blocks are drawn. From wick to end of the imbalance or candle close to imbalance. Also you can set how many candles it takes into consideration for the imbalance in case the imbalance starts after the engulfing pattern has formed. And you can set how many candles have to checked to determine a BOS or an internal BOS by using fractal breaks.
█ HOW TO USE IT?
Either place sell limits at the lower end of the order block with SL slightly above the OB and buy limits at the upper end of the OB with SL slightly below the OB. Target a fixed Risk Reward Ratio or trade it to the next order block. By using multi time frame analysis you can determine the overall direction of the market and prevent low probability trades. Also worth mentioning is that order blocks that have been created during high volume sessions tend to result in way better trades than with order blocks that have been printed during the Asia session.
█ ADDITIONAL INFO
As soon as price retested an order block the order block is mitigated and therefore not valid anymore. Also order blocks that are too far back in time are less probable to deliver good trades. In general the win rate tends not to be too high using this method but more often than not there's a reaction as price taps into an order block and trades with high RRR are quite often. As always in trading, proper money management and risk management is key.
█ DISCLAIMER
This is not financial advice. The Indicator spots these zones according to the smart money concept . However there's absolutely no guarantee that a nice order blocks results in a good trade.
█ Examples
Futures Exchange Sessions 2.0Description
Successor to Futures Exchange Sessions indicator. Completely rebuilt code from the ground up. Every feature has been redesigned and refactored to be the most beneficial while allowing for complete configuration by the user.
This indicator displays Futures Sessions as live boxes that expand dynamically as price moves over the time interval. These boxes make liquidity levels extremely easy to spot and visualize. It helps the user identify market structure and develop their own bias of price action. Everything about the Session boxes can be configured. Box color, border color, border style, and border width are all individually controllable. Each Future Session can be turned on or off at any time. Also, each box has their own text label (Asian Session, London Session, New York Session) and this text can be moved around the box, change color, and change size.
Previous days highs and lows (major liquidity levels) are always important to the futures trader. This indicator now allows the user to individually display the three previous days highs and low levels as lines with optional label. Each line can be independently toggled on or off and like always, every conceivable customization option is available to the user. And the labels can be moved to the right (via the Input Settings) to allow unobstructed views of candles.
The midnight EST open and 8:30 AM EST open horizontal lines (developed by the Inner Circle Trader) are returning in this indicator. But the biggest improvement is that the lines stop at the current bar or the last bar of the trading day. Additionally, the time lines are displayed on previous days so the user can easily see how the candles reacted to these important times of the day.
The Session boxes and the horizontal time lines now can be set to only display a certain number of day back. If the user wants just to see Session boxes for the previous day only, they can do that. If the user wants to see the last 15 days of boxes or lines it is very easy to increase the days back in the settings. Currently, the max days back is 80 calendar days.
Additional Images
Easily visualize and understand price action across time
Everything is customizable so the user can easily match this indicator to their color preferences
Special Notes
To turn off box session text set opacity to 0%
Boxes and horizontal time lines only display when timeframe is <= 30 minute
