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Description

The ICT Concepts Quantower is a premium indicator which displays key concepts of the ICT trading methodology and style. Those key concepts are the following:

• Change of strucutre (or Change of Character or Market Structure Shift) that indicates that the trend might change
• Break of Strucutre (or Market Structure Break) that indicates a continuation of the trend
• Faire Value Gaps which represent displacements of price and are defined as instances of inefficiencies or imbalances visualized by three consecutive candles containing one large middle candle whose bordering candles' upper and lower wicks do not overlap.
• Order Blocks which represent crucial support and resistance levels derived from aggresive price movement, and that can be used as entry or exit levels
• NWOG (New Week Opening Gap) which is the price gap between Friday's closing price and Sunday's opening price
• NDOG (New Day Opening Gap) which is the price gap between yesterday's closing price and Today's opening price
• RTHG (Opening Range Gap) which marks the distance between the first opening tick of a session and the previous session's close

Examples

Change of Character (Market Structure Shift) and Break of Structure

The market structure features of the indicator allows to draw the market structure shifts and break of structures. Market structure shifts are price breakouts indicating a probability of price changing dirction. On the other hand, Break of structure are price breakouts indicating a trend direction continuation. Those market structure events are building blocks of the ICT methodology and can be used as bias determinants and filters to go long or short.

Fair Value Gaps

In this example, the indicator detects several Fair Value Gaps on the NQ instrument on a 5 Minutes Timeframe. Coupled with MSS and MSB, FVGs can be a very good signal to enter a trade.

In this example, bullish FVGs are drawn in green, and bearish FVGs are drawn in red. Their drawing is stopped when they are mitigated.

One example entry setup is illustrated on the image above. After a bearish BOS (Break of Structure) has been detected on the first red arrow, we can see a clear rejection of the price from a Bearish FVG where the arrow marked "Enter", this is a strong signal to enter short.

FVGs can also be used as an exit signal, an inverse FVG (iFVG) that occured on the arrow marked "Exit" is a strong signal to exit the trade. an inverse FVG is a FVG that gets broken on the inverse of its direction

Order Blocks

Order Blocks are defined as zones created from the last high swing candle (for bearish) or the last low swing candle (for bullish) before a Market Structure Shift or a Break of Structure. Add to this some other rules:

• The candle defining the Order Block should be followed by an FVG
• The Order Block zone should not be mitigated before the breakout creating the Market Structure event (this can be enabled/disabled as a parameter)

On this orderblock example, we can observe a bearish change of character followed by a bearish break of structure. The BOS was the trigger to create the bearish Order Block at the second marked arrow. Then the price retraced upward into revisiting the order block from below, at thethird marked arrow the price was rejected from the order block, this is a strong bearish signal that can generate a short trade.

NDOG (New Day Opening Gap)

The New Day Opening Gap (NDOG) is defined by (ICT) as the separation in time/price that is caused by the 1-hour break that occurs each day in the futures market. The opening price of the gap is the very first tick that occurs at the 6:00pm [UTC-4] restart. then we look at the 5:00pm closing price of the previous session. These gaps can be draws on liquidity as well as general reference points to determine daily bias

NWOG (New Week Opening Gap)

The NWOG is the gap between Friday's closing price and Sunday's opening price. These gaps can be draws on liquidity as well as general reference points to determine weekly bias

RTH Gap (Opening Range Gap)

The Opening Range Gap, also known as the Regular Trading Hours (RTH) Gap, is the distance between the first opening tick of a session and the previous session's close, when looking at a chart's Regular Trading Hours (not to be confused with Electronic Trading Hours). This gap is an important element for Futures Market traders that follow the works of The Inner Circle Trader (ICT). To be more specific, the Opening Range Gap occurs between 4:15pm [UTC-4] and 9:30am of the next day.

Features

The ICT Concepts indicator has a set of unique features

• Can play a sound alert on each ICT zone (FVG, Order Blocks, ChoCh, BoS)
• Can be run on any time-based or price-based Chart
• Active development and constantly adding new features

Parameters

We always try to keep the parameters to minimum.

License
License	This is the license key you get when you create an account on automated-trading.ch. After creating an account, copy your license key from the billing page. You need to set this parameter only once, once the license key is validated it will be remembered.
Fair Value Gaps
Show Fair Value Gaps	This will enable/disable drawing of Fair Value Gaps
FVG Candle Filter	This parameter sets a filter for the FVG detection : No Filter: No filtering on the candle types, this will produce more FVG than the above 2 options 2 Candles of Same Kind: Only FVG with at least 2 candles of the same type are detected 3 Candles of Same Kind: Only FVG with 3 candles of the same type are detected
Min. Gap (ticks)	This parameter sets the minimum distance in ticks between the wicks of the Fair Value Gap to be valid. The more you increase this value, the fewer FVGs will be detected. Inversly, the more you decrease this value, the more it increases the number of detected FVGs
Mitigation Method	When price hits the FVG after its formation, it is said to be "mitigated" and it stops from further extending. This parameter allows to chose which mitigation method is used to set whether an FVG is considered mitigated by the price: Close: The FVG is considered mitigated when a price candle closes above it (for a bearish FVG) or below it(for a bullish FVG) Wick: The FVG is considered mitigated when a price candle has its wick cross above the high of the FVG (for a bearish FVG) or cross below the low of the FVG (for a bullish FVG) Touched: The FVG is considered mitigated as soon as the price touches the FVG None: This will not mark any FVG as mitigated and thus no FVG will stop extending. This is useful for example if you want to analyze iFVG.
Stop Showing Mitigated	This parameter will hide FVG drawing once they are mitigiated allowing for a more clean chart
Stop Extending FVG @ New Day	This parameter will make the FVG zone drawing stop from extending into a new day.
Show 50% Level	This parameter will draw consequent encroachment (50%) on the FVG zone
Bullish Color	The Brush color to draw bullish FVGs
Bearish Color	The Brush color to draw bearish FVGs
FVG Render Opacity (1-100)	The Brush opacity to draw FVGs
Show FVG Label	Enable/disable showing the label on each FVG
This section is used only when the Show FVG Label parameter is enabled
FVG Label Size	FVG label Text Size to be drawn
FVG Label Color	FVG label Color
FVG Label Opacity (1-100)	FVG label Opacity
Play Sound when FVG is created	This parameter will enable playing and alert sound when an FVG is created
Play Sound when FVG is mitigated	This parameter will enable playing and alert sound when an FVG is mitigated. Useful if you want to trade FVG pullbacks
Play Sound File FVG	This parameter will set the file name to be played on sound alert if enabled. This can be set to any .wav file on your computer
Market Structure
Swing Period	Swings are higher lows,higher highs, lower highs and lower lows. After each price bar close, a swing can be detected. But just after that, the next bar can cancel the swing at the previous bar by creating a new swing of the same type. Or this can happen on the second bar, or the third, etc... The swing period sets how many bars is enough to seperate two swings of the same type. The more you increase this parameter, the more you decrease the number of swings overall. The more you decrease this parameter, the more you increase the number of overall swings. I personally use the value of 3 or 4 for this parameter.
Show Price Swings	This parameter will enable/disable drawing a mark below/above swing price points. This is useful if you want to see how market structure is analyzed since those swing points are the building blocks of the indicator algorithme.
Swing Bullish Color	This sets the color brush of the low swing points
Swing Bearish Color	This sets the color brush of the high swing points
Swing Opacity (1-100)	This sets the opacity of the swing points drawing. The value of 0 is trasparent, and the value of 100 is full opaque
Show ChoCh (MSS)	This will enable/disable drawing of Change of Characters or also known as Market Structure Shifts
MSS Bullish Color	The color brush of bullish MSS
MSS Bearish Color	The color brush of bearish MSS
MSS LineStyle	Line Style to draw MSS line
Show Choch (MSS) Label	this parameter enables showing a label text on each MSS on the chart
Show Break of Structure	This will enable/disable drawing of Break of Strucutres
BOS bullish Color	The color brush of bullish Break of Structure drawings on the chart
BOS bearish Color	The color brush of bearish Break of Structure drawings on the chart
BOS LineStyle	Line style to draw BOS line
Show BOS Label	This parameter enables showing a label text on each Break of Structure on the chart
Play Sound on MSS or BOS	This parameter will enable playing and alert sound when a market structure event (MSS or BOS) occurs
Play Sound File MSS BOS	This parameter will set the file name to be played on sound alert if enabled. This can be set to any .wav file on your computer
Order Block
Show Order Blocks	Enable/disable display of Order Blocks
This following section is visible only when the Show Order Blocks parameter is enabled
Stop Extending OB @ New Day	This parameter will make the Order Block zones drawing stop from extending into a new day.
Allow Mitigation Before Validation	An order block is valid when a specific set of rules are verified. One of those rules is that the price should not mitigate the order block zone. This parameter will enable giving this rule an exception and allow OrderBlock to be valid even though they are mitigated by the price prior to their creation.
OB Bullish Color	Sets the color brush to draw bullish Order Blocks
OB Bearish Color	Sets the color brush to draw bearish Order Blocks
OB Render Opacity (1-100)	Sets opacity used to draw Order Blocks
Show Order Block Label	Enable/disable showing the label on each Order Block
This section is visible only when the Show Order Block Label parameter is enabled
Order Block Label Size	Order Block label Text Size to be drawn
Order Block Label Color	Order Block label Color
Order Block Label Opacity (1-100)	Order Block label drawing Opacity from 1 (transparent) to 100 (fully opaque)
Play Sound when OrderBlock is created	This parameter will enable playing and alert sound when an OrderBlock is created
Play Sound when OrderBlock is mitigated	This parameter will enable playing and alert sound when an OrderBlock is mitigated. Useful if you want to trade OrderBlock pullbacks
Play Sound File Order Block	This parameter will set the file name to be played on sound alert if enabled. This can be set to any .wav file on your computer
NDOG (New Day Opening Gap)
Show NDOG	Enable/disable display of NDOG zones
This following section is visible only when the Show NDOG parameter is enabled
Stop Drawing NDOG @ New Day	This parameter will make the NDOG zones drawing stop from extending into a new day. You can also achieve this by clicking on individual NDOG zones and chose to stop extending them at any given Bar index
Stop Drawing NDOG @ New Week	This parameter will make the NDOG zones drawing stop from extending into a new week. You can also achieve this by clicking on individual NDOG zones and chose to stop extending them at any given Bar index
Show NDOG 50% Level	This parameter will draw consequent encroachment (50%) on the NDOG zone
Show NDOG 75% Level	This parameter will draw Quadrant 75% level on the NDOG zone
Show NDOG 25% Level	This parameter will draw Quadrant 25% level on the NDOG zone
NDOG Bullish Color	Sets the color brush to draw bullish NDOG zones
NDOG Bearish Color	Sets the color brush to draw bearish NDOG zones
NDOG Render Opacity (1-100)	Sets opacity used to draw NDOG zones
Show NDOG Label	Enable/disable showing the label on each NDOG zones
This section is visible only when the Show NDOG Label parameter is enabled
NDOG Label Size	NDOG label Text Size to be drawn
NDOG Label Color	NDOG label Color
NDOG Label Opacity (1-100)	NDOG label drawing Opacity from 1 (transparent) to 100 (fully opaque)
NWOG (New Week Opening Gap)
Show NWOG	Enable/disable display of NWOG zones
This following section is visible only when the Show NWOG parameter is enabled
Stop Drawing NWOG @ New Week	This parameter will make the NWOG zones drawing stop from extending into a new week. You can also achieve this by clicking on individual NWOG zones and chose to stop extending them at any given Bar index
Show NWOG 50% Level	This parameter will draw consequent encroachment (50%) on the NWOG zone
Show NWOG 75% Level	This parameter will draw Quadrant 75% level on the NWOG zone
Show NWOG 25% Level	This parameter will draw Quadrant 25% level on the NWOG zone
NWOG Bullish Color	Sets the color brush to draw bullish NWOG zones
NWOG Bearish Color	Sets the color brush to draw bearish NWOG zones
NWOG Render Opacity (1-100)	Sets opacity used to draw NWOG zones
Show NWOG Label	Enable/disable showing the label on each NWOG zones
This section is visible only when the Show NWOG Label parameter is enabled
NWOG Label Size	NWOG label Text Size to be drawn
NWOG Label Color	NWOG label Color
NWOG Label Opacity (1-100)	NWOG label drawing Opacity from 1 (transparent) to 100 (fully opaque)
RTHG (Opening Range Gap)
Show RTHG	Enable/disable display of RTHG zones
This following section is visible only when the Show Opening Range Gap parameter is enabled
Stop Drawing RTHG @ New Day	This parameter will make the RTHG zones drawing stop from extending into a new day. You can also achieve this by clicking on individual RTHG zones and chose to stop extending them at any given Bar index
Stop Drawing RTHG @ New Week	This parameter will make the RTHG zones drawing stop from extending into a new week. You can also achieve this by clicking on individual RTHG zones and chose to stop extending them at any given Bar index
Show RTHG 50% Level	This parameter will draw consequent encroachment (50%) on the RTHG zone
Show RTHG 75% Level	This parameter will draw Quadrant 75% level on the RTHG zone
Show RTHG 25% Level	This parameter will draw Quadrant 25% level on the RTHG zone
RTHG Bullish Color	Sets the color brush to draw bullish RTHG zones
RTHG Bearish Color	Sets the color brush to draw bearish RTHG zones
RTHG Render Opacity (1-100)	Sets opacity used to draw RTHG zones
Show RTHG Label	Enable/disable showing the label on each RTHG zones
This section is visible only when the Show RTHG Label parameter is enabled
RTHG Label Size	RTHG label Text Size to be drawn
RTHG Label Color	RTHG label Color
RTHG Label Opacity (1-100)	RTHG label drawing Opacity from 1 (transparent) to 100 (fully opaque)

Download & Installation Instructions

Frequently Asked Questions

Subscriptions Q&A

Release Notes

User Comments & Feedback

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