Summary of "🚀 Add ICT Setup 04 Indicator to TradingView - [TradingFinder]"
TradingView\&tag=dtdgstoreid-21">ICT Setup 04 Indicator Overview
The video presents the TradingView\&tag=dtdgstoreid-21">ICT Setup 04 Indicator, a sophisticated trading tool developed by the Trading Finder group for the TradingView platform. This indicator is designed for traders using the ICT (Inner Circle Trader) and smart money trading methodologies. It focuses on identifying liquidity zones, liquidity sweeps, and high-probability swing points to generate actionable buy or sell signals.
Main Financial Strategies and Business Trends
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Smart Money and ICT Trading Helps traders detect liquidity collection points where the market manipulates price to trigger stop-loss orders before reversing trend direction.
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liquidity sweeps Identifies zones where liquidity is “swept” (stop-loss orders are taken out) to signal potential market reversals.
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swing detection Uses swing highs and lows to determine significant price action points that align with liquidity zones.
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order flow and Institutional Activity Aligns entries with large institutional order flows by filtering noise and timing entries precisely.
How the Indicator Works
- Detects liquidity zones based on candle lows/highs and measures price action relative to candle open/close.
- Signals potential reversals when price returns to these zones and “collects” liquidity (e.g., stop-loss orders).
- Visually displays these zones and signals on the chart with distinct dotted lines.
- Generates buy or sell signals based on liquidity sweep and swing analysis.
Customization and Settings
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swing detection Period Adjustable (default 21). Higher values detect longer-term swings with higher validity; lower values detect more frequent but less significant swings.
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Max Candles Between Swing and Signal Default 50; controls how recent the price reactions considered are.
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Visual Options Enable or disable display of swings, swing highs/lows, and customize label and line colors.
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Alert Notifications
- Enable or disable alerts.
- Set alert names and frequency (all, once per bar, per bar close).
- Configure alerts by time zone and UTC.
- Option to show or hide input values in the status line.
Application
- Suitable for active scalpers and dynamic intraday traders.
- Usable across various markets including forex, cryptocurrency, and global indices.
- Focuses on noise filtering and precise timing to align with institutional order flow.
Step-by-Step Guide to Use the Indicator
- Access TradingView and navigate to the indicator section.
- Search for “TradingView\&tag=dtdgstoreid-21">ICT Setup 04 Indicator” and add it to your chart.
- Optionally add it to favorites for quicker access.
- Adjust settings such as swing detection period and alert preferences as needed.
- Monitor liquidity zones and sweep signals displayed on the chart.
- Use generated buy/sell signals to enter trades aligned with liquidity sweeps.
- Set up alerts to receive timely notifications of trading opportunities.
Presenter/Source: Trading Finder group
Category
Business and Finance