Quarterly Theory ICT 02 Indicator MT5 Download – Free – [TradingFinder]

The Quarterly Theory ICT 02 Indicator is designed based on ICT style concepts and fractal time structure.

By segmenting price behavior into orderly cycles, this indicator identifies recurring trends in defined time phases. The cycles are divided into four parts (Q1, Q2, Q3, and Q4), and depending on the user's settings, can be visualized on various timeframes such as micro, daily, weekly, and yearly on the chart.

Quarterly Theory ICT 02 Indicator Specifications Table

The table below describes the specifications of the Quarterly Theory ICT 02 True Open Indicator.

Quarterly Theory ICT 02 True Open Indicator at a Glance

One of the key features of the Quarterly Theory ICT 02 Indicator is its emphasis on the concept of "True Open" the actual opening price at the beginning of phase two (Q2) of each cycle.

This point serves as the basis for determining market orientation and plays a central role in trend analysis.

Bullish Trend Conditions

According to the USD/JPY chart, the price has stabilized above the "True Open" level, and the market is currently in Q2 and Q3 phases. This condition indicates that buyers remain in control, and the market is inclined to move higher.

Bearish Trend Conditions

Based on analysis of the EUR/USD pair in the 1-hour timeframe, if price stabilizes below the "True Open" level, bearish momentum typically increases, and the distribution phase is accompanied by significant selling pressure.

Until the price recovers and stabilizes above the "True Open" lines, the market outlook will remain bearish.

Quarterly Theory ICT 02 Indicator Settings

The settings of the Quarterly Theory ICT 02 Indicator are as follows:

Display Setting

• TRUE_OPEN_MICRO: Enables display of True Open for micro cycles;
• TRUE_OPEN_MIN90: Enables display of True Open for 90-minute cycles;
• TRUE_OPEN_DAILY: Enables display of True Open for daily cycles;
• TRUE_OPEN_WEEKLY: Enables display of True Open for weekly cycles;
• TRUE_OPEN_MONTHLY: Enables display of True Open for monthly cycles;
• TRUE_OPEN_YEARLY: Enables display of True Open for yearly cycles;
• MICRO_TRUE_OPEN_COLOR: Color of True Open in micro cycle;
• MIN90_TRUE_OPEN_COLOR: Color of True Open in 90-minute cycle;
• DAILY_TRUE_OPEN_COLOR: Color of True Open in daily cycle;
• WEEKLY_TRUE_OPEN_COLOR: Color of True Open in weekly cycle;
• MONTHLY_TRUE_OPEN_COLOR: Color of True Open in monthly cycle;
• YEARLY_TRUE_OPEN_COLOR: Color of True Open in yearly cycle.

Quarters

• MICRO_QUARTERS: Enables segmentation into Q1–Q4 in micro cycles;
• MIN_90_QUARTERS: Enables segmentation into four phases in 90-minute cycles;
• DAILY_QUARTERS: Enables display of Q1–Q4 phases in daily cycle;
• WEEKLY_QUARTERS: Enables display of four phases in weekly cycle;
• MONTHLY_QUARTERS: Enables division of the monthly cycle into four phases;
• YEARLY_QUARTERS: Enables division of the yearly cycle into four time-based phases;
• DISPLAY_LABELS: Displays Q1, Q2, Q3, and Q4 labels on chart;
• DISPLAY_TABLE: Displays phase status table for all cycles;
• SUBPANEL_QUARTER_TOP: Selects the upper cycle displayed above the table bar;
• SUBPANEL_QUARTER_BOTTOM: Selects the lower cycle displayed below the table bar;
• UTC_TIME_OFFSET_HOURS: Adjusts time offset relative to UTC for market alignment;
• HISTORY_LIMIT: Number of historical candles used to display data on the chart.

Conclusion

As a multi-dimensional analytical tool, the Quarterly Theory ICT 02 Indicator incorporates time into the decision-making structure of trading by organizing it into structured cycles, enabling systematic analysis of price behavior.

The primary focus of this trading tool is accurate identification and display of the "True Open" a key level that acts as the primary reference for determining the likely market direction in each cycle.