ICT (Inner Circle Trader) Killzones refer to specific time frames within the 24-hour forex trading cycle that are considered significant for traders. These time frames are based on the teachings and concepts propagated by "The Inner Circle Trader," a pseudonym for a trader who shares educational content on forex trading.
Daily, weekly, and monthly opens are more than just arbitrary points on a trading chart. These are vital landmarks that numerous traders across the globe monitor, analyze, and base their trading decisions on. Let's delve into why each of these opens is considered significant in the trading world.
Regardless of your trading strategy or your specific timezone, the Trading Sessions indicator is a powerful tool in your trading toolkit. It enables you to pinpoint potential liquidity levels with precision and provides an invaluable time-based framework to optimize your trades. Whether you're a novice or a seasoned trader, this indicator will enhance your ability to navigate the Forex market with greater clarity and confidence.
In trading, two terms are consistently part of any trader's lexicon: support and resistance. These terms refer to the key price levels where the forces of supply and demand meet. In other words, they are the levels at which a lot of buyers or sellers are expected to enter the market.
This script will show you multi timeframe support and resistance levels to make it easier for you to spot the key levels. It works on every pair and of course each timeframe. Supports and resistances are often called “key levels”. They are price levels at which the stock price has inverted its trend. If the price rises and then inverts its trend moving down, the highest point it has reached is called resistance. If the price has gone down and then starts rising, the lowest price value is called support.
Trading involves numerous strategies and indicators that guide traders' decisions. Among these, the concept of 'round numbers' holds a significant place.
In financial markets, a lot size refers to a standard measure of quantity of a financial instrument such as shares, commodities, or currencies that are traded. The standard size varies depending on the specific market and the instrument being traded.
Contract size, also known as lot size, in MetaTrader is essentially the number of units of a financial instrument that a trader is buying or selling in a particular trade. This measurement is very important because it directly affects the risk and profit of a trade.
Calculating a lot size in MetaTrader is normally not a quick task, but it is a very important one. MetaTrader doesn't offer a fast way to calculate the position size, so, usually, a trader needs to manually perform several calculations.When you are submitting an order, you are already supposed to know and type in the lot size for the trade. It can be frustrating to calculate - that's why we made this tool to speed up the process a little for you.Now you can also see your P/L live and calculate the lot size within seconds straight from Tradingview.
The Implied Fair Value Gap (IFVG) is a concept developed by ICT that identifies a three-candle pattern based on the presence of a larger candle body, followed by calculating the average of the surrounding candle shadows. Since this pattern is super powerful, we decided to create a script that finds the IFVG automatically for you. Handy right?This indicator is designed to automatically recognize this pattern on your charts, and its range can be adjusted according to the user's preference. The Indicator is able to find patterns on a higher timeframe level and gives you alerts once the IFVG is created, which allows you to jump on the chart and see whats up.The IFVG average can also be extended until a new corresponding IFVG is identified, effectively functioning as a support or resistance line. Additionally, this script includes alerts for detecting both bullish and bearish IFVG patterns so you are not missing out on the move.