ICT Zone Alert MT4

ICT Zone Alert MT4

This indicator uses candlesticks with large real bodies to predict possible market structure shift.

Displacement is a very powerful move in price action resulting in strong selling or buying pressure. Generally speaking, displacement will appear as a single or a group of candles that are all positioned in the same direction. These candles typically have large real bodies and very short wicks, suggesting very little disagreement between buyers and sellers.

A market structure shift is represented by a level on the chart where the previous trend is broken. If the price is in an uptrend, the market structure shift level is where a lower low is made. If the price is in a downtrend, the market structure shift level is generally going to be at a point where a higher high is made. In both cases, market structure shifts tend to occur on the heels of a displacement.

Inputs Explained:

1. ICT Zone Pips - Body size of 1st and 5th candle of ICT zone. ( Candle 0 is the current candle, Candle 1 is the previous candle and so on!)

2. Arrows Distance from Candle- Painted arrow's distance from the alert candle.

3. Email Alert- (if true) First add and enable your email id in METATRADER's terminal to receive email alerts.

4. Mobile Alert- (if true) First install METATRADER's app in your smartphone then enable your METAQUOTES id to get mobile push notifications.

5. PopUp Alert- if true you will get audible popup messages on your desktop METATRADER terminal.