Summary of "🚀 Venom ICT Model Indicator for in MetaTrader 4/5 - Free Download [TradingFinder]"
Venom ICT Model Indicator Overview
The video introduces the Venom ICT Model Indicator, a trading tool designed for the MetaTrader 4 and MetaTrader 5 platforms. It is available for free download from the TradingFinder website. This indicator is tailored for ICT-style traders, focusing on identifying trading opportunities based on price action during the pre-market period from 8:00 a.m. to 9:30 a.m. New York time, just before the New York trading session opens.
Key Features and Methodology
- Automatically detects and highlights the high and low price range during the 8:00–9:30 a.m. NY time window with a visible box on the chart.
- Generates breakout signals when the price breaks above the high or below the low of this pre-market range.
- Identifies a change of character (CHoCH) or market structure shift (MSS) following the breakout.
- Detects a Fair Value Gap (FVG) zone after the breakout, which must remain intact (i.e., not already broken).
- Signals a buy or sell trade entry after the price enters and then exits the FVG zone.
- Fully automatic operation with no manual settings required.
- Visual signals appear directly on the price chart, helping traders time entries based on breakout and FVG dynamics.
Trading Process Framework
- Identify the pre-market high and low during 8:00–9:30 a.m. NY time.
- Wait for the price to break above or below this range (breakout).
- Confirm the breakout with a change of character or market structure shift.
- Locate a valid Fair Value Gap (FVG) zone after the breakout.
- Enter the trade after the price moves through and exits the FVG zone.
- Follow the buy/sell signals generated by the indicator.
Disclaimers
- No explicit financial advice is provided.
- The indicator is a technical tool aimed at ICT-style traders.
- Users are encouraged to review the indicator’s functionality and share feedback.
Platforms and Source
- Compatible with MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
- Available via the TradingFinder website and video tutorial.
- No individual presenter is named.
This summary highlights the indicator’s trading methodology, platform compatibility, and operational details relevant to traders interested in technical breakout strategies during the New York pre-market session.
Category
Finance
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