Download Immediate Rebalance (ICT) Indicator for MT5 - Free

The Immediate Rebalance Indicator is a powerful tool for identifying price rebalance points among MetaTrader 5 indicators. Immediate imbalance occurs when supply and demand are uneven in a specific area, leading to significant price movements.

This indicator detects gaps on the chart by analyzing three consecutive candles. If a gap exists between the wicks of the first and third candles and the third candle's wick penetrates into the first candle's wick, this is considered a sign of trend continuation.

This price behavior indicates the market's attempt to rebalance and reduce buying or selling pressure.

Immediate Rebalance Indicator Table

The table below describes the specifications of the Immediate Rebalance Indicator:

Immediate Rebalance Indicator in a Bullish Trend

The image below displays a 30-minute price chart of the AUD/CHF currency pair. After identifying balance among three consecutive candles, the Immediate Rebalance Indicator divides the first candle's wick into five equal parts.

This segmentation is designed to show the penetration level of the third candle into the first candle's wick. In this example, the third candle's wick penetrates 74% of the first candle's wick, and the indicator detects and highlights this penetration for traders.

Immediate Rebalance Indicator in a Bearish Trend

The price chart below represents the CHF/JPY currency pair in a 1-hour timeframe. The Immediate Rebalance Indicator calculates the penetration level of the third candle's wick into the first candle's wick at 29% and displays this data to traders.

Traders using the ICT trading style and other liquidity-based strategies can combine this data with other technical analysis tools to create more precise and low-risk trading strategies.

Indicator Settings

The settings section of the Immediate Rebalance Indicator is displayed in the image:

• Minimum Wick Size: Minimum size for considering the imbalance shadow 
• Do You Want Multi-Timeframe: In false mode, rebalances are displayed in all timeframes, and true mode, they appear in the timeframe chosen by traders
• The Period of Multi-Timeframe: Selected daily timeframe

Conclusion

The Immediate Rebalance Indicator is a powerful tool for identifying balance zones and market reversals.

Its features, such as dividing the first candle's wick and displaying the penetration percentage of the third candle, help traders analyze trends more precisely and develop more efficient trading strategies.

This indicator is particularly recommended for ICT traders and other liquidity-based trading strategies.