FxCanli Range

3일 전

FxCanli Range is an indicator based on ICT Internal Range and External Range concept.

What is ICT Internal Range Liquidity?

The Fair Value Gap is marked as the ICT internal range liquidity.

ICT Fair Value Gap is marked as the liquidity because it is a formation of three candles leaving an area between high and low of 1st and 3rd candle where price do not overlap.

FxCanli Range Indicator draws all Internal Ranges above explaining the ICT internal range liquidity.



What is Imbalance (FVG)?

Fair Value Gaps are price jumps caused by imbalanced buying and selling pressures.

A bullish Fair Value Gap is created when there is a gap between the high of the first candle and the low of the third candle.

A bearish Fair Value Gap is created when there is a gap between the low of the first candle and the high of the third candle.



What is ICT External Range Liquidity?

The swing high and swing low of an ICT dealing range are termed as external range.

The high of an ICT dealing range is termed as “buy side liquidity” assuming the buy stops rest above the high of dealing range.

While the low of an ICT dealing range is known as “sell side liquidity” assuming the sell stops resting below the low of dealing range.

FxCanli Range Indicator draws all External Ranges above explaining the ICT external range liquidity



🔶 USAGE & EXAMPLES

As ICT said us, Price moves 2 side, Internal Liquidity or External Liquidity

External Range Liquidity to Internal Range Liquidity

When price reached to External Range, it will sweep the External Range Liquidity
at that time, we have to wait price to reverse and start to move to Internal range liquidity (FVG)
our strategy has to be like this; we have to open 2 time less lower time frame
if we are at 1 hour chart, we have to open 1Hour - 15 min - 5 min chart
and wait for Trend Reversal pattern at there




Internal Range Liquidity to External Range Liquidity
When price reached to Internal Range(FVG), it will fill the imbalance
at that time, we have to wait price to reverse and start to move to External Range Liquidity.
Again we have to decrease our time frame 2 times.
if we are at 1 hour chart, we have to open 1Hour -> 15 min -> 5 min chart
and wait for Trend Reversal pattern at there



🔶 SETTINGS
With the settings;
▪️ Fractal Properties;
it will show fractals or not, you will decide the period of fractals, Style, Color and also Size of the fractal
▪️ Trend Line Properties;
it will show trend or not, you will decide the color of the trend, line style, and line width.
▪️ External Range Properties;
it will show external range or not, Color of the level, line style, line witdh, show text of the external range, what will it write at the text, place/size/color of the text, show time frame, show price,
▪️ Internal Range Properties;
it will show internal range or not, Color of the level, line style, line witdh, show text of the external range, what will it write at the text, place/size/color of the text, show time frame, show price,
▪️ Alert Conditions
you will set alerts at this part
Alert or not, liquidity(External Range) alerts, FVG(Internal Range) alerts, FVG filled alert

Part 1

Part 2


Wish you great trades...