Inducement and Sweep Indicator for MT4 Download - Free - [Trading Finder]

The "Market Structure and Liquidity Hunt (MSIS)" indicator in MetaTrader 4 is an advanced tool designed to identify key areas and analyze market structure, enabling traders to better assess market conditions.

This indicator provides a comprehensive view of the market by accurately identifying Change of Character (CHoCH), Break of Structure (BOS), Inducement (IDM), and Liquidity Zones, offering traders a broad perspective of the market status.

Indicator Table

Market Structure and Liquidity Hunt Indicator in an Uptrend

According to the USD/MXN daily chart, an uptrend begins after a Change of Character (CHoCH); with each Break of Structure (BOS) on the chart, the indicator automatically identifies and marks it.

Market Structure and Liquidity Hunt Indicator in a Downtrend

As shown in the image below, a downtrend begins in the USD/CAD pair in the 1-hour time frame after a Break and Change of Character (CHoCH). With each Break of Structure (BOS), price lows are broken, and the indicator automatically marks liquidity and inducement zones.

Indicator Settings

• Color theme of chart and object: Chart background color;
• Candles to check: Number of return candles set to 1000;
• Swing CHoCH: Calculated Change of Character equals 30 candles to the left and right;
• Swing BOS: Calculated break equals 1;
• Swing inducement: Calculated inducement equals 3.

Conclusion

This indicator, with its ability to identify Change of Character (CHoCH), Break of Structure (BOS), Inducement (IDM), and Liquidity Zones, provides a comprehensive view of market conditions. Traders using ICT and Smart Money styles can utilize this indicator to identify market inducement zones and enter trades with greater confidence.