Download Immediate Rebalance (ICT) Indicator for MT4 - Free

The Immediate Rebalance Indicator in MetaTrader 4 indicators is designed to identify and display immediate balance points on price charts.

In the ICT trading style, balance holds significant importance, and imbalance occurs when, within a three-candle formation, a gap between the wicks of the first and third candles appears, indicating a discrepancy between supply and demand.

If the third candle immediately penetrates the wick of the first candle and fills this gap, it is referred to as "immediate rebalance".

Immediate Rebalance Indicator Table

The table below describes the specifications of the Immediate Rebalance Indicator.

Indicator Overview

The Immediate Rebalance Indicator accurately divides the shadow of the first candle into five sections, marking levels from 0 to 100 percent to enhance price analysis.

In bullish immediate rebalance conditions, these zones appear green, while in bearish conditions, they are shown red.

When the third candle in an imbalance setup penetrates the shadow of the first candle, the indicator activates, providing traders with the penetration percentage, helping them assess market equilibrium more effectively.

Bullish Trend Conditions

In the EUR/CAD pair on a 5-minute timeframe, the Immediate Rebalance Indicator divides the shadow of the first candle into five sections once balance is established among three candles, illustrating the penetration level of the third candle.

In this scenario, the third candle penetrates 12 percent into the shadow of the first candle. If this penetration occurs with the necessary confirmations, traders can consider entering a Buy position.

Bearish Trend Conditions

In the 15-minute GBP/USD chart, the price is moving in a bearish trend. With the formation of an immediate rebalance, the shadow of the third candle penetrates 58 percent into the shadow of the first candle, signaling an attempt by the price to return to the imbalance area and restore the balance between supply and demand. If the necessary confirmations are met, traders can consider entering a Sell position.

Indicator Settings

The settings section of the Immediate Rebalance Indicator is displayed in the image:

• Minimum Wick Size: Minimum size for considering the imbalance shadow
• Do You Want Multi-Timeframe: In false mode, rebalances are displayed in all timeframes, and true mode, they appear in the timeframe chosen by traders
• The Period of Multi-Timeframe: Selected daily timeframe

Conclusion

The Immediate Rebalance Indicator is a specialized tool in the ICT style, designed for quickly identifying imbalance filling by the third candle. It visually represents bullish rebalance zones in green and bearish zones in red.

The shadow of the first candle is divided into five sections, ranging from 0 to 100 percent, accurately displaying the penetration level of the third candle.

This indicator helps traders make rapid entries into newly forming trends, but it is recommended to use it alongside other tools and complementary indicators for a more comprehensive market analysis.