Summary of 📥 Unicorn Indicator (ICT) in TradingView - Free Download - [TFlab]
The video provides a comprehensive tutorial on the ICT Unicorn Indicator available on TradingView, detailing its features, settings, and how to effectively use it for trading.
Key Features and Concepts:
- Indicator Access: The Unicorn Indicator can be found on TradingView and can be added to favorites for quick access.
- Unicorn Ranges: The indicator identifies and marks "Unicorn Ranges" which are areas of high liquidity that can influence price reactions. These ranges overlap with breaker blocks and fair value gaps (FVG).
- Settings:
- Users can adjust parameters such as the pivot period and validity time for order blocks.
- Mitigation levels are set for proximal and distal ranges, with specific values for valid and invalid conditions based on price movements.
- Pattern Visibility: Options to show or hide unicorn patterns and adjust their colors are available, allowing users to customize their view.
- Order Block Identification: The indicator allows for the selection of different methods to identify demand and supply blocks, with options for defensive and safe modes to filter out low-quality signals.
- Alerts: Users can set Alerts for when the price reaches unique ranges, with options for the type of alert delivery (e.g., based on candle status).
Reviews, Guides, or Tutorials:
- The video serves as a tutorial for setting up and using the Unicorn Indicator, including detailed explanations of each setting and feature.
- Viewers are encouraged to leave comments and suggestions, indicating an interactive component to the tutorial.
Main Speakers/Sources:
- The video is presented by TFlab, who provides insights and instructions on utilizing the Unicorn Indicator effectively.
Notable Quotes
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Category
Technology