Quarterly Theory ICT 03 Indicator for MT4 Download – Free – [TradingFinder]

The Quarterly Theory ICT 03 Indicator is an analytical tool based on the ICT trading style in MetaTrader 4, utilizing a concept known as Precision Swing Points.

This tool detects signs of strength or weakness in the current market trend by analyzing convergence and divergence in candle closings between two or three trading symbols, marking them with colored arrows.

In addition, the ICT 03 Quarterly Theory Indicator includes a live table displaying data on divergence or convergence between correlated assets.

Specifications Table of Quarterly Theory ICT 03 Indicator

The table below outlines the specifications of the Quarterly Theory ICT 03 Precision Swing Points indicator.

Quarterly Theory ICT 03 Indicator at a Glance

The Precision Swing Points pattern is composed of three candles, with the middle candle holding the most significance.

If the middle candle is bearish in the base symbol and bullish in the correlated symbol, a positive divergence occurs, prompting a buy signal. Conversely, if the middle candle is bullish in the base symbol and bearish in the correlated symbol, a negative divergence is identified, and the indicator issues a sell signal.

Buy Signal

In the following example, the pair USD/CAD is selected as the base symbol, and AUD/USD as the correlated symbol.

As shown, a bullish pattern has formed on the upper chart (base symbol), while a bearish pattern appears on the correlated symbol chart. Based on this divergence, the indicator issues a buy signal on USD/CAD.

Sell Signal

In the example below, the pairs EUR/USD and USD/CHF are used respectively as the base and correlated symbols.

According to the analysis, a bearish Precision Swing Point pattern appears on the EUR/USD chart (top), and a bullish pattern is formed on the USD/CHF chart (bottom).

Under these conditions, the indicator detects divergence and issues a sell signal.

Quarterly Theory ICT 03 Precision Swing Points Indicator Settings

The indicator settings panel includes the following options:

• MODE: Comparison mode between assets (two or three symbols);
• SYMBOL2: Select the second symbol;
• SYMBOL3: Select the third symbol;
• ZIGZAG_PERIOD: Calculation period for the ZigZag line;
• ZIGZAG_BACKSTEP: Minimum number of candles between ZigZag swing points;
• PATTERN_METHOD: Determines the candlestick pattern structure;
• PINBAR_RATIO: Threshold ratio for validating a pin bar;
• FILTER_PRECISION_SWING_POINT: Enable filter to display only precise patterns;
• USE_TREND: Apply trend direction filter to show signals only in the trend direction;
• ALERT: Enable alerts;
• EMAIL: Send signals via email;
• NOTIFICATION: Enable push notifications;
• SIGNAL_TIMEOUT_BARS: Duration to keep the signal on the chart;
• DISPLAY_ZIGZAG: Toggle ZigZag structure visibility on the chart;
• DISPLAY_TABLE: Show or hide the divergence and candle status table;
• DISPLAY_CORRELATION: Show correlation information between symbols in the table;
• HISTORY_LIMIT: Number of past candles to load and analyze.

Conclusion

The Quarterly Theory ICT 03 Indicator is a professional tool designed to detect precise market turning points based on divergences between two or three correlated assets.

Using the three-candle Precision Swing Points structure, the indicator generates bullish or bearish signals on the fourth candle, following the close of the third.

Furthermore, it includes a real-time table on the chart displaying data such as divergence status and candlestick types.