ICT Market Structure Indicator with Inducements for MetaTrader 4 Download - Free

The Market Structure Indicator with Inducements based on the ICT trading style in MetaTrader 4 provides a comprehensive view of market concepts within Smart Money.

This indicator, considering Change of Character (CHoCH), Break of Structure (BOS), and Inducement Detection (IDM), offers a precise perspective of market structure to the trader.

CHoCH lines are drawn in red, structure break lines in blue, and inducement levels in gray on the price chart. The dashed line on the price connects price fluctuations.

Market Structure Indicator Specifications Table

The table below provides an overview of the main specifications of the indicator:

ICT Market Structure Indicator in an Uptrend

According to the 15-minute price chart of the GBP/CHF currency pair, a green candle has crossed the CHoCH line. Whenever the body of a candle crosses the red line, it indicates a change in market trend, making it a suitable point to enter a buy (Long) trade.

Moreover, breaking the blue lines indicates a break of support or resistance, confirming the entry for a buy trade. If only the shadow crosses the lines, it does not confirm the entry for a buy trade.

ICT Market Structure Indicator in a Downtrend

According to the 4-hour price chart of Ethereum (ETH/USD), two sell confirmations are shown. First, the CHoCH level is broken by the body of a red candle, indicating a complete trend reversal.

Then, inducement detection at the gray IDM line leads to a sell confirmation in this area. The BOS breaks also clearly show the continuation of the price trend.

Indicator Settings

This section includes options for modifying the display parameters of the tool:

• Theme: Indicator Theme (Dark).

Conclusion

With a simple appearance, the ICT Market Structure Indicator with Inducements for MetaTrader 4 helps traders identify buy and sell points, break key levels, and detect price inducements.

This indicator can be used in all financial markets, including cryptocurrency, forex, and stocks. The Market Structure Indicator suits Smart Money, ICT, and price action based strategies.