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📊 Market Structure ICT Screener to TradingView - [TradingFinder]

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Finance

Market Structure ICT Screener Indicator Overview and Usage on TradingView

Indicator Description and Purpose

The Market Structure ICT Screener is an analytical tool designed for multi-chart analysis on TradingView and other platforms (also available via the TradingFinder website). It assists traders in:

  • Identifying and analyzing price behavior
  • Detecting major and minor trends (both long-term and short-term)
  • Spotting trend changes
  • Finding trading opportunities for buy or sell entries

The indicator provides detailed market structure insights including:

  • Trend direction
  • Candle type
  • Breaks of structure (BOS)
  • Changes of character (CHOCH)

Assets, Symbols, and Timeframes

  • The indicator displays multiple trading symbols simultaneously, with a default of 10 symbols and an option to increase up to 20.
  • Examples of symbols include:
    • Gold (XAU/USD)
    • GBP/USD currency pair
  • Timeframes are adjustable per symbol, with common examples such as 15-minute charts used for trend and candlestick analysis.

Key Features and Columns in the Indicator Table

The indicator table includes the following key columns and features:

  • Trading Symbols: List of symbols being analyzed.
  • Exchanges: Market or exchange for each symbol.
  • Timeframe: Chart timeframe used for trend and candlestick identification.
  • Candle Type: Indicates whether the latest candle is bullish, bearish, or a doji.
  • Trend Analysis: Displays two trends:
    • External trend (long-term/higher timeframe)
    • Internal trend (short-term/current timeframe)
  • State Section: Shows major (long-term) and minor (short-term) market states, including breaks of structure (BOS) and changes of character (CHOCH).
  • Consecutive BOS: Counts how many consecutive breaks of structure have occurred.
  • Visual confirmation of trade entry signals is provided by aligning external and internal trend directions along with candle types.

Example Analysis

  • Gold (XAU/USD): Shows a bearish external and internal trend with a bearish candle, confirming a potential short trade.

  • GBP/USD: Displays a bearish major trend but a neutral internal trend (rangebound). A major BOS has formed, but minor trend confirmation is pending, suggesting caution before entering a position.

Customization and Settings

Users can customize the indicator extensively, including:

  • Toggling the display of the table either below the chart or directly on the chart.
  • Setting the number of symbols displayed between 10 and 20.
  • Switching table mode between:
    • Extended (detailed)
    • Basic (simplified)
  • Adjusting table size and position on the screen (e.g., small size, top right corner).
  • Selecting symbols individually for each slot.
  • Customizing timeframes per symbol.
  • Adjusting market structure sensitivity by setting the period length for peak/trough detection:
    • Lower values increase sensitivity to short-term changes.
    • Higher values focus on longer-term trends.
  • Enabling or disabling the display of input values in the status line.

Market Structure Concepts Explained

  • Break of Structure (BOS): Occurs when price breaks previous highs or lows, indicating trend continuation or reversal.

  • Change of Character (CHOCH): Represents a shift in market behavior signaling a potential trend reversal.

  • Minor BOS/CHOCH: Relate to short-term trends.

  • Major BOS/CHOCH: Relate to longer-term trends.

Example: A break of a lower low signals a major BOS; a retest and reversal indicate a CHOCH.

Recommendations and Usage

  • Ideal trade entries occur when external (major) and internal (minor) trends align and confirm each other, along with candle confirmation.
  • Waiting for simultaneous confirmations of BOS and CHOCH across timeframes helps reduce false signals.
  • The indicator supports detailed, structured, and disciplined market analysis for improved risk management.

Disclaimers

  • No explicit financial advice or guarantees of performance are provided.
  • Users are encouraged to test and adjust settings based on their individual trading style and preferences.

Presenters and Sources

  • The video content appears to be from the creators or promoters of the Market Structure ICT Screener indicator available on TradingFinder and TradingView platforms.
  • No individual presenter names were provided.

Original video