ICT Unicorn | Flux Charts

8월 30일

💎GENERAL OVERVIEW
Introducing our new ICT Unicorn Indicator! This indicator is built around the ICT's "Unicorn" strategy. The strategy uses Breaker Blocks and Fair Value Gaps for entry confirmation. For more information about the process, check the "HOW DOES IT WORK" section.



Features of the new ICT Unicorn Indicator :

1. Implementation of ICT's Unicorn Strategy
   
2. Toggleable Retracement Entry Method
   
3. 3 Different TP / SL Methods
   
4. Customizable Execution Settings
   
5. Customizable Backtesting Dashboard
   
6. Alerts for Buy, Sell, TP & SL Signals
   

📌HOW DOES IT WORK ?
The ICT Unicorn entry model merges the concepts of Breaker Blocks and Fair Value Gaps (FVGs), offering a distinct method for identifying trade opportunities. By integrating these two elements, we can have a position entry with stop-loss and take-profit targets on the potential support & resistance zones. This model is particularly reliable for trade entry, as it combines two powerful entry techniques.

An ICT Unicorn Model consists of a FVG which is overlapping with a Breaker Block of the same type. Here is an example :


When a FVG overlaps with a Breaker Block of the same type, the indicator gives a Buy or Sell signal depending on the FVG type (Bullish & Bearish). If the "Require Retracement" option is enabled in the settings, the signals are not given immediately. Instead, the current price of the ticker will need to touch the FVG once more before the signals are given.

After the Buy or Sell signal, the indicator immediately draws the take-profit (TP) and stop-loss (SL) targets. The indicator has three different TP & SL modes, explained in the "Settings" section of this write-up.

You can set up alerts for entry and TP & SL signals, and also check the current performance of the indicator and adjust the settings accordingly to the current ticker using the backtesting dashboard.

🚩UNIQUENESS
This indicator is an all-in-one suit for the ICT's Unicorn concept. It's capable of plotting the strategy, giving signals, a backtesting dashboard and alerts feature. Different and customizable algorithm modes will help the trader fine-tune the indicator for the asset they are currently trading. Three different TP / SL modes are available to suit your needs. The backtesting dashboard allows you to see how your settings perform in the current ticker. You can also set up alerts to get informed when the strategy is executable for different tickers.


⚙️SETTINGS

1. General Configuration

FVG Detection Sensitivity -> You may select between Low, Normal, High or Extreme FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivies resulting in spotting bigger FVGs, and higher sensitivies resulting in spotting all sizes of FVGs.

Swing Length -> Swing length is used when finding order block formations. Smaller values will result in finding smaller order & breaker blocks.

Require Retracement ->
a) Disabled : The entry signal is given immediately once a FVG overlaps with a Breaker Block of the same type.
b) Enabled : The current price of the ticker will need to touch the FVG once more before the entry signal is given.

2. TP / SL

TP / SL Method ->
a) Unicorn : This is the default option. The SL will be set to the lowest low of the last 100 bars with an extra offset in a Buy signal. For Sell signals, the SL will be set to the highest high of the last 100 bars with an extra offset. The TP is then set to a value using the SL value and maintaining a risk-reward ratio.

b) Dynamic: The TP / SL zones will be auto-determined by the algorithm based on the Average True Range (ATR) of the current ticker.

c) Fixed : You can adjust the exact TP / SL ratios from the settings below.

Dynamic Risk -> The risk you're willing to take if "Dynamic" TP / SL Method is selected. Higher risk usually means a better winrate at the cost of losing more if the strategy fails. This setting is has a crucial effect on the performance of the indicator, as different tickers may have different volatility so the indicator may have increased performance when this setting is correctly adjusted.

9월 5일

릴리즈 노트

1. Bullish & Bearish Breaker Blocks colors can now be customized.
   
2. Fixed a rare issue that sometimes halted alerts.
   

10월 7일

릴리즈 노트

Various Optimizations & Fixes