Summary of "馃搱 Quarterly Theory ICT 02 Indicator MT4/5- [TradingFinder]"
The video presents an in-depth tutorial on the Quarterly Theory ICT Indicator Version 02 available for MetaTrader 4 and 5 platforms via the TradingFinder website. This advanced trading tool is designed for traders who follow the ICT (Inner Circle Trader) style, leveraging quarterly time cycles to analyze market phases, price movements, and smart money flow.
Main Financial Strategies and Market Analyses:
- Quarterly Theory Application: The indicator divides each time frame into four quarters (Q1 to Q4), each representing a distinct market phase:
- Q1 (Accumulation Phase): Market consolidation and preparation for the next move.
- Q2 (Manipulation/Movement Phase): Start of the trend with price fluctuations; considered the phase where smart money accumulates.
- Q3 (Distribution Phase): Price distribution occurs.
- Q4 (Reversal or Continuation Phase): Price either reverses or continues the previous trend.
- True Open Concept: A key feature is the identification and display of the "true open" price level at the start of Q2, which serves as a critical reference for traders to:
- Determine trend direction (price above true open = bullish, below = bearish).
- Identify price manipulation and accumulation phases.
- Time entries on pullbacks relative to the true open level.
- Price and Trend Confirmation: Traders wait for price manipulation around the true open to confirm the trend direction before entering trades.
Indicator Functionalities and Settings:
- Available for MT4 and MT5, easily added to charts via the navigator.
- Displays quarterly zones on price charts for multiple time frames (micro/1-minute, 90-minute, daily, weekly, monthly, yearly).
- Customizable display options include:
- Enabling/disabling true open lines for each time frame.
- Adjusting colors for quarter lines per time frame.
- Enabling/disabling quarter displays and labels (Q1, Q2, Q3, Q4).
- Displaying a comprehensive table summarizing the current price鈥檚 quarter status across all time frames.
- Setting the fundamental basis for period start times (typically UTC/GMT).
- Configuring the number of candles displayed for quarter analysis.
- The indicator supports detailed multi-timeframe analysis, for example:
- Viewing 90-minute quarters, each representing 22-minute intervals.
- Observing price behavior relative to true open levels to confirm bullish or bearish trends.
Step-by-Step Guide to Use the Indicator:
- Download the Quarterly Theory ICT 02 indicator from the TradingFinder website for MT4/MT5.
- Load the indicator from the navigator and drag it onto the main chart.
- Configure input settings:
- Enable or disable true open lines for desired time frames.
- Set colors for different quarters.
- Enable quarter displays and labels as needed.
- Adjust the start time base (UTC/GMT).
- Set the maximum candle count for analysis.
- Observe quarterly zones and true open levels on the chart.
- Use the true open line at Q2 to analyze price manipulation and confirm trend direction.
- Enter trades based on price movement relative to true open and quarter phases.
- Utilize the comprehensive table to monitor price status across multiple time frames.
Presenters/Sources:
- The tutorial is presented by the team or individual behind TradingFinder, focusing on ICT trading methodologies and tools.
This summary encapsulates the indicator鈥檚 theoretical background, practical application, configuration options, and trading strategy insights as presented in the video.
Category
Business and Finance