Modified:
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Quarterly Theory ICT 03 Indicator for MT5 Download – Free – [TradingFinder]

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MetaTrader4

MetaTrader5

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Quarterly Theory ICT 03 Indicator for MT5 Download – Free – [TradingFinder]
Quarterly Theory ICT 03 Indicator for MT5 Download – Free – [TradingFinder] 0
Quarterly Theory ICT 03 Indicator for MT5 Download – Free – [TradingFinder] 1
Quarterly Theory ICT 03 Indicator for MT5 Download – Free – [TradingFinder] 2
Quarterly Theory ICT 03 Indicator for MT5 Download – Free – [TradingFinder] 3
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The Quarterly Theory ICT 03 Indicator is designed based on the ICT trading style and issues trading signals using the Precision Swing Points pattern.

This indicator analyzes the closing of candles between two or three correlated symbols, detects directional differences between them, and highlights strengths or weaknesses in the current market trend.

It also includes a real-time table that displays the divergence or convergence status between selected symbols.

Specifications Table of Quarterly Theory ICT 03 Indicator

The specifications of the Quarterly Theory ICT 03 Precision Swing Points Indicator are as follows.

Indicator Categories:
Pivot Points & Fractals MT5 Indicators
Signal & Forecast MT5 Indicators
ICT MT5 Indicators
Platforms:
MetaTrader 5 Indicators
Trading Skills:
Advanced
Indicator Types:
Reversal MT5 Indicators
Timeframe:
Multi-Timeframe MT5 Indicators
Trading Style:
Swing Trading MT5 Indicators
Scalper MT5 Indicators
Day Trading MT5 Indicators
Trading Instruments:
Forex MT5 Indicators
Crypto MT5 Indicators
Stock MT5 Indicators

Quarterly Theory ICT 03 Indicator at a Glance

The Precision Swing Point pattern consists of three consecutive candles, with the main focus on the middle candle.

When the middle candle in the main symbol closes bearishly, but simultaneously the candle in the correlated symbol is bullish, this mismatch indicates a positive divergence, and a buy signal is issued.

Conversely, if the middle candle is bullish in the base symbol and bearish in the correlated one, a negative divergence is identified, prompting the indicator to issue a sell signal.

Buy Signal

In the chart below, the currency pair "EUR/USD" is considered as the main symbol, while "AUD/USD" is taken as the correlated symbol.
According to the chart, "EUR/USD" has formed a bullish structure, whereas "AUD/USD" has developed a bearish pattern.
This behavioral contrast between the two assets indicates a positive divergence, and the indicator, by identifying it, has generated a buy signal on the "EUR/USD" chart.

Quarterly Theory ICT 03 Indicator in a bullish trend
Displaying market turning point using the Quarterly Theory ICT 03 Precision Swing Points Indicator

Sell Signal

In the following example, the currency pair "EUR/USD" is selected as the base symbol, and "US500" as the correlated symbol.
In the upper chart, a precise bearish pivot pattern has formed, while in the lower chart, a bullish pattern has appeared.
This contrast in candlestick behavior between the two symbols indicates a negative divergence; consequently, the indicator detects this divergence and issues a sell signal based on the weakening bullish trend.

Downtrend analysis using the Quarterly Theory ICT 03 Indicator
Identifying a sales opportunity with the Quarterly Theory ICT 03 Indicator

Settings of the Quarterly Theory ICT 03 Precision Swing Points Indicator

The settings of the Quarterly Theory ICT 03 Indicator are based on the image below:

Settings of the Quarterly Theory ICT 03 Precision Swing Points Indicator
Overview of customizable options in the Quarterly Theory ICT 03 Indicator settings
  • MODE: Asset comparison mode (two symbols or three symbols);
  • SYMBOL2: Select the second symbol;
  • SYMBOL3: Select the third symbol;
  • ZIGZAG_PERIOD: Calculation period for ZigZag line;
  • ZIGZAG_BACKSTEP: Minimum number of candles between ZigZag turning points;
  • PATTERN_METHOD: Defines the candlestick pattern structure type;
  • PINBAR_RATIO: Threshold ratio for detecting a valid pin bar;
  • FILTER_PRECISION_SWING_POINT: Enable filter to show only precise patterns;
  • USE_TREND: Trend direction filter to show signals only in the main trend direction;
  • ALERT: Enable alert;
  • EMAIL: Send signals via email;
  • NOTIFICATION: Enable notification sending;
  • SIGNAL_TIMEOUT_BARS: Duration the signal remains on the chart;
  • DISPLAY_ZIGZAG: Show or hide ZigZag structure on the chart;
  • DISPLAY_TABLE: Show or hide divergence and candle status table;
  • DISPLAY_CORRELATION: Display correlation info between symbols in the table;
  • HISTORY_LIMIT: Number of past candles to load and analyze.

Conclusion

The Quarterly Theory ICT 03 Indicator is a powerful tool for detecting market turning points based on divergence between two or three correlated symbols.

This indicator uses the three-candle Precision Swing Points pattern and issues a buy or sell signal on the fourth candle after the third one closes.

Additionally, a visual table on the chart provides real-time status of divergence and candlestick types.

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FAQs

Is this indicator limited to Forex markets only?

No, the Quarterly Theory ICT 03 Indicator can be used across all markets.

Is this tool suitable for lower timeframes?

Yes, the Quarterly Theory ICT 03 Indicator can be applied to all timeframes.

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