Download Market Structure Indicator with Inducements (ICT) for MT5 - Free

The Market Structure Indicator with Inducements is a powerful tool for market analysis based on Smart Money concepts, available in the MetaTrader 5 platform.

This indicator, using three main concepts Change of Character (CHoCH), Break of Structure (BOS), and Inducements (IDM) provides traders with a unique and clear view of market fluctuations.

The indicator plots the Change of Character lines in red on the chart, and whenever there is a structure break, it automatically detects and displays it with blue lines on the price chart.

Market Structure Indicator Specifications Table

Brief descriptions of the features of the Market Structure indicator:

Uptrend Analysis

According to the 15-minute GBP/USD currency pair price chart, the indicator draws a Change of Character (CHoCH) line in red as soon as the candle body breaks the previous high.

This indicates favorable conditions for entering buy trades. Additionally, the formation of structure break lines at higher levels suggests the continuation of the uptrend.

Downtrend Analysis

According to the 1-hour price chart of Binance Coin (BNB), as soon as the candle body breaks the previous low, the indicator draws a Change of Character (CHoCH) line in red.

This indicates favorable conditions for entering sell trades. Additionally, the formation of structure break lines at lower levels suggests the continuation of the downtrend.

Indicator Settings

Parameters and customizable options of the Market Structure indicator:

• Theme: Indicator theme.

Conclusion

The Market Structure Indicator simplifies price fluctuation analysis and identifies potential trend reversal areas by reviewing and plotting three key concepts: market Character Change, Structure Break, and Inducements.

This indicator is designed based on ICT and Smart Money trading strategies and adapts well to these styles.