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How to Use InnerCircleTrader Indicators for Forex Trading
InnerCircleTrader (ICT) is a popular and influential forex trader and educator who has developed a comprehensive set of concepts and tools for trading the markets. ICT indicators are custom-made scripts that help traders apply these concepts and tools on their charts.
In this article, we will briefly introduce some of the most common and useful ICT indicators and how to use them for forex trading. We will also provide a link to download a zip file containing these indicators for free.
ICT Concepts Indicator
The ICT Concepts indicator is an all-in-one toolkit that regroups core concepts highlighted by ICT into one script. It includes features such as:
Market Structure (MSS & BOS): This feature shows the market structure shifts (MSS) and breakers of structure (BOS) on the chart, which indicate the direction and strength of the trend.
Order Blocks: This feature shows the order blocks on the chart, which are zones of liquidity where institutional orders are likely to be placed. Order blocks can act as support and resistance levels and trigger price reversals.
Imbalances: This feature shows the imbalances on the chart, which are areas where price moves away from its equilibrium due to an excess of buy or sell orders. Imbalances can indicate the direction of the market sentiment and offer trading opportunities.
Buyside/Sellside Liquidity: This feature shows the buyside and sellside liquidity on the chart, which are zones where price is likely to move towards to fill unfilled orders. Buyside liquidity attracts price when it is below the current price, while sellside liquidity attracts price when it is above the current price.
Displacements: This feature shows the displacements on the chart, which are deviations from the mean price that occur due to market volatility. Displacements can offer entry and exit points for traders who use mean reversion strategies.
ICT Killzones: This feature shows the ICT killzones on the chart, which are specific time windows when the market is more likely to make significant moves. ICT killzones include London Open Killzone, New York Open Killzone, London Close Killzone, and New York Close Killzone.
New Week/Day Opening Gaps: This feature shows the new week/day opening gaps on the chart, which are price gaps that occur at the start of a new week or day due to market inefficiencies. Opening gaps can offer trading opportunities as price tends to fill them eventually.
ICT Algorithmic Macro Tracker Indicator
The ICT Algorithmic Macro Tracker indicator is a powerful tool that plots the known ICT Macro Times on the chart. These are periods when the Interbank Price Delivery Algorithm (IBPDA) undergoes a series of checks and adjustments that affect the price movement. The ICT Macro Times include:
Midnight Open: This is the opening price of the first candle after New York Midnight. According to ICT, this is what IBPDA sees as a true market opening and we should aim for shorts above it (sell for premium) and longs below it (buy at discount).
London Open: This is the opening price of London session at 8:00 AM GMT. According to ICT, this is when IBPDA starts to manipulate the price to create false signals and trap traders.
New York Open: This is the opening price of New York session at 8:00 AM EST. According to ICT, this is when IBPDA starts to reveal its true intentions and direction for the day.
London Close: This is the closing price of London session at 4:00 PM GMT. According to ICT, this is when IBPDA starts to lock in its profits and prepare for New York Close.
New York Close: This is the closing price of New York session at 5:00 PM EST. According to ICT, this is when IBPDA finalizes its daily operations and sets up for Midnight Open.
Other ICT Indicators
There are many other ICT indicators that can help traders with different aspects of forex trading, such as:
Cuck Wick: This indicator identifies fast stop-hunting wicks that occur due to market manipulation and offer high-probability entries at 061ffe29dd