ICT Asian Range Indicator for MT5 Download – Free – [TradingFinder]

The ICT Asian Range Indicator is a tool based on the ICT strategy, which marks the range during the Asian trading session.

Typically, the Forex market tends to remain in a range during the Tokyo session; however, once the London and New York sessions begin, the Asianrange often breaks, leading to significant movements.

The ICT Asian Range Indicator visualizes this range with yellow colored boxes.

Asian Range Indicator Specifications

The table below pertains to the ICT Asian Range indicator:

Bullish Trend

In the 5-minute GBP/USD pair chart, the range area for the Asian session is marked by a yellow box.

As shown in the image, the price breaks above the top of the box, which may indicate the start of a bullish trend.

Bearish Trend

According to the 15-minute chart of XAG/USD, during the Tokyo (Asian) session, the price broke below the bottom of the range box.

In such a scenario, considering market bias and analyzing price behavior during the London and New York sessions, this breakdown can be considered a signal to enter a sell position.

Asian Session Indicator Settings

The adjustable parameters of the ICT Asian Range indicator are as follows:

• Start Tokyo Time: Start time of the Asian session
• End Tokyo Time: End time of the Asian session
• Color Box: Set the color of the range boxes
• Fill Box: Option to fill the inside of the box with color
• Box Style: Define the line style of the boxes

Conclusion

The ICT Asian Range Indicator automatically marks consolidation areas on the chart for the Asian range. During the Asian session, markets usually move without a clear direction and are set up for potential breakouts at the beginning of the London or New York sessions.

This MT5 ICT indicator, allows users to customize the color and appearance of the range box lines.