Macro ICT Indicator for MetaTrader 4 Download - Free - [TradingFinder]

The Macro ICT Indicator is a specialized tool designed for identifying liquidity zones in MetaTrader 4 indicators. This indicator assists traders in pinpointing strategic entry and exit zones throughout the day. It charts macro zones during U.S. and London market hours in three models: Accumulation Macro, Expansion Macro, and Accumulation Macro.

Indicator Specifications Table

Overview of the Indicator

In simple terms, a macro refers to a set of instructions automatically activated at specific times of the day, impacting price movements in the market. The Macro ICT Indicator aids traders in leveraging price changes across different levels over varying time frames. It is especially practical for ICT trading styles, helping traders conduct precise analyses.

Macro ICT Indicator in an Uptrend

As illustrated, the EUR/USD chart in a 5-minute time frame demonstrates the indicator’s functionality. The zone highlighted by the Macro Indicator is of the Expansion type. After breaking the last prior high, a Change of Character (CHoCH) occurs, signaling a shift in market direction.

Macro ICT Indicator in a Downtrend

In the downtrend below, the AUD/USD chart in a 1-minute time frame is displayed. The highlighted macro is of the Accumulation type. After breaking the last prior low, a Change of Character (CHoCH) occurs, creating an entry opportunity for a short trade.

Indicator Settings

• Color theme chart and object: Chart color display;
• Let London Macro 1 be on the chart: London Macro 1 on the chart;
• London Macro 1: London Macro 1 time 02:33-03:00;
• Let London Macro 2 be on the chart: London Macro 2 on the chart;
• London macro 2: 04:03-04:30;
• Let New York Macro 1 be on the chart: New York Macro 1 on the chart;
• New York macro 1: 08:50-09:10;
• Let New York Macro 2 be on the chart: New York Macro 2 on the chart;
• New York macro 2: 09:50-10:10;
• Let New York Macro 3 be on the chart: New York Macro 3 on the chart;
• New York macro 3: 10:50-11:10;
• Let New York Macro 4 be on the chart: New York Macro 4 on the chart;
• New York macro 4: 11:50-12:10;
• Let New York Macro 5 be on the chart: New York Macro 5 on the chart;
• New York macro 5: 13:10-13:40;
• Days to look back: Number of past days displayed (default setting is 3 days);
• Show the text: Macro type text;
• Backtest time difference: Time difference in backtesting (default 7200).

Conclusion

The Macro ICT Indicator is designed to identify key market points and allows traders to predict market movements during specific times. This indicator performs exceptionally well in high-liquidity markets such as NASDAQ and S&P500, delivering better results. By using the Macro ICT, traders can enhance their trading strategies.