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.
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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.
Can someone explain how to use this instrument..especially for entries please
fadizeidan
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@DarkHorse-, have you gone through ICT’s mentorship content on YouTube? This script highlights ICT’s concept of pivot points, where the liquidity is and price may try to sweep, strong moves that generates FVGs. It is not used for entry, you need to have a strategy or setup based on ICT concepts and this indicator allows you to visualize the elements you want to use for that setup.
Revorif_kry
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@fadizeidan this indicator is one of my best indicators on my charts. Thank you. All I want to ask is how to add "Touch" option for the mitigation method for FVG's.
fadizeidan
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@Revorif_kry, touch as in if it is touched, it is considered filled? And what do you consider a touch. Same exact price level or one tick below