Unicorn Indicator (ICT) for MetaTrader 4 Download - Free - [Trading Finder]

The Unicorn Indicator is a multifunctional and advanced tool for MetaTrader 4. This indicator identifies and displays price gaps along with Breaker Blocks on the price chart. A Breaker Block refers to an order block that initially breaks easily but acts as a solid support area after the price returns and touches it.

The overlap of a Breaker Block with a Fair Value Gap (FVG) creates the Unicorn Zone. This indicator plots the bullish Unicorn zone as a green box and the bearish Unicorn zone as a red box on the price chart.

Indicator Specifications Table

Unicorn Indicator in an Uptrend

According to the price chart of the GBP/USD currency pair on a 1-hour time frame, the Order Block first breaks and turns into a Breaker Block. Then, the overlap of the Breaker Block with the FVG creates the Unicorn zone. The point where the price meets the zone drawn by the indicator offers a suitable opportunity for buy trades (Long).

Unicorn Indicator in a Downtrend

According to the price chart of the ChainLink cryptocurrency, in a 4-hour time frame, the Order Block first breaks and turns into a Breaker Block. Then, the overlap of the Breaker Block with the FVG creates the Unicorn zone. The point where the price meets the zone drawn by the indicator offers a suitable opportunity for selling trades (Short).

Indicator Settings

• Color theme of chart and object: Light background theme for the indicator
• Back candles check: The number of past candles to calculate is set to 1000
• The prefix of objects: Configure object prefix
• Show level 1 trends: Display level 1 trends (enabled)
• Show level 2 trends: Display level 2 trends (enabled)

Summary

The Unicorn Indicator for MetaTrader 4 is considered an advanced tool for market analysis. This indicator identifies the Fair Value Gap (FVG) and the Breaker Block and the overlap between these two elements as the Unicorn zone, which is displayed on the price chart. This indicator is highly effective for liquidity-based trading styles.