ICT Institutional Order Flow (fadi)

2023년 8월 1일

ICT Institutional Order Flow indicator is intended to provide wholistic view to better analyze order flow and where price may go to next. The concept follows ICT principles.

ICT Market Structure
ICT breaks down Pivot points into three categories:

Short Term High/Low (STH/STL) is a 3 candle pattern with a low with higher low on each side (STL), or a high with lower high on each side (STH)
Intermediate Term High/Low (ITH/ITL) uses the calculated STH/STL and marks any STH that has lower or STH on each side, and STL that has higher STL on each side
Long Term High/Low (LTH/LTL) uses the calculated ITH/ITL and marks any ITH that has lower or ITH on each side, and ITL that has higher ITL on each side

Note: ICT also states that if a STH wicks into and closes (almost?) a FVG, he marks it as ITH even if it does not have STH on reach side. This scenario is not covered by this indicator



Liquidity
liquidity is usually present under pivot points. The more prominent the pivot point, the more likely higher values liquidity pools reside under/above it. Liquidity under ITL and LTL as an example, will have better indication of which liquidity the price may seek next.



Displacement
Displacement registers above average move in the price resulting in strong visible move. If requiring a FVG is enabled (in settings), then the displacement could possibly (but never guaranteed) be used to visually recognize a move as it develops.
Full Credit: The calculation for Displacement is derived from TFO's Visualizing Displacement [TFO]



Imbalances
Imbalances can come in different forms. This indicator identifies three type of imbalances:
1. FVG
2. Volume Imbalance
3. Open Gaps

Imbalances completes the picture by help visualize strong moves, where possible pivot points may develop, and how to enter or manage a trade.

2023년 8월 6일

릴리즈 노트

UPDATE: Added FVG Displacement Condition:

Always Display: The normal expected behavior, displays all FVGs regardless of displacement
Same As Displacement: Use the Displacement settings. This ensures that the FVG and Displacement color coding are in sync
Levels 1-4: Use different displacement level than the Displacement setting for the FVG. This is useful if you want to visually identify displacements, but only want to see FVGs for higher level as an example.

2023년 8월 7일

릴리즈 노트

Cleaned up some debug code

11월 22일

릴리즈 노트

MAJOR UPDATE:
This release includes additional enhancements and features:

ICT Market Structure Label Changes
Two new options are added to mark pivot point highs and lows.


Symbol options to mark the pivot levels.


Identify S/I/L Term pivot points as Highs and Lows.

Relative Equal Highs and Lows

In addition to the liquidity levels, traders can now identify Relative Equal Highs and Lows.

Distance Tolerance controls how far apart the levels should be to be considered relatively equal. The higher the number, the greater the distance check.

Fair Value Gap

Traders now have control over the look and feel of FVGs by controlling each individual border, background, and C.E. style. They can also toggle between traditional FVG and the 2024 ICT expanded explanation by combining FVGs and VIs. This option is OFF by default to avoid confusing existing traders.

The Indicator also attempts to identify high-probability iFVGs by marking the first failed FVG. These iFVGs are usually higher probability if combined with Breaker block; however, that identification is outside the scope of this indicator.