Add ICT Setup 04 Indicator to TradingView - [TradingFinder]

The ICT Setup 04 Indicator, utilizing smart money and liquidity concepts, identifies key swing points and highlights reactive zones with green and red arrows when a liquidity sweep occurs.

This trading tool uses structural and candlestick filters to detect fake breakouts and aligns trading signals with institutional order flow.

ICT Setup 04 Indicator Specification Table

The general specifications and features of the ICT Setup 04 Indicator are shown in the table below.

ICT Setup 04 Indicator Overview

The ICT Setup 04 Indicator first detects significant price swings, then waits for price to fake-break these levels and enter a smart reactive zone.

When a confirmation candle (Doji or small-bodied candle) forms and closes inside this zone, representing a fake breakout, a potential entry zone is signaled.

Uptrend Scenario

Following a downtrend, price sweeps the previous swing low and enters the reactive zone between those levels.
Within this area, the formation of a Doji candle closing above the liquidity level shows that price fails to hold below liquidity, suggesting seller weakness and triggering a buy signal.

Downtrend Scenario

In an uptrend, price surpasses the previous swing high and enters the reactive zone after sweeping buy-side liquidity.
Here, a candle with a long upper wick and small body forms — an indication of a fake breakout — triggering a sell signal.

ICT Setup 04 Indicator Settings

The settings panel for the ICT Setup 04 Indicator is detailed below:

LOGICAL SETTING

• Swing Period: Swing detection period;
• Max Swing Back Method: Method of calculating maximum swing back;
• Max Swing Back: Maximum allowed swing back;
• Maximum Distance Between Swing and Signal: Max distance between swing point and signal trigger.

DISPLAY SETTING

• Show All SLF: Show all SLF levels;
• Show High SLF: Show upper SLF;
• Show Low SLF: Show lower SLF.

ALERT

• Alert: Enable alerts;
• Alert Name: Custom alert name;
• Message Frequency: Message repetition interval;
• Show Alert time by Time Zone: Display alert time based on selected time zone.

Conclusion

The ICT Setup 04 Indicator combines swing analysis, liquidity sweep detection, and candlestick behavior to intelligently identify high-probability reversal zones and pinpoint accurate entry levels.

By merging market structure confirmation and price action, it avoids false breakouts and keeps trades aligned with smart money movement.