ICT Base Candle with Volume Filter

yesterday

📘 ICT BASE CANDLE WITH VOLUME FILTER

• Institutional Base Candle Detection System
  
• Smart Money Concepts (SMC/ICT)
  

🔍 What This Indicator Does

ICT Base Candle with Volume Filter automatically detects institutional Base Candles—also known as pause candles, decision candles, compression candles, or repricing pauses.

These candles often appear at key algorithmic points:

• After a displacement
  
• After a liquidity sweep
  
• Before a fair value gap reaction
  
• Inside an Order Block (OB)
  
• At premium/discount zones
  
• Before large expansions
  

This tool highlights these candles using:

✔ Body-percentage filtering
✔ Optional volume-based filtering
✔ Bullish/Bearish color coding
✔ Optional labels (+ / –)
✔ Accurate fixed historical plotting
✔ Customizable settings

This makes it extremely useful for SMC, ICT, and algorithmic orderflow traders.

🎯 Why Base Candles Matter (SMC/ICT Context)

The market moves in an algorithmic sequence:

• Liquidity Sweep (grab stops above/below)
  
• Displacement (strong impulse candle)
  
• Base Candle (pause candle before continuation)
  
• Expansion / Reversal
  
• Base candles indicate:
  
• Loss of momentum
  
• Repricing
  
• Order absorption (buy/sell programs)
  
• Potential mitigation zones
  
• Possible entry (continuation)
  
• Possible reversal (if sweep + base + displacement)
  

They act as footprints of algorithmic activity, confirming where smart money is momentarily active.

🎨 Indicator Features
✔ Customizable Base Candle Colors

• Choose unique colors for bullish and bearish base candles.
  
• Option to use the same color for both.
  

✔ Volume Filter

• Enable/disable volume filtering
  
• Adjust lookback and threshold values.
  

✔ Label Toggles

• Display “+” above bullish base candles
  
• Display “–” below bearish base candles
  

✔ Fixed Historical Markers

• All detected base candles remain consistent as bars update.
  

✔ Tooltip-Enhanced Inputs

• Includes advanced trading notes inside input tooltips.
  

📈 How to Use (Practical Guide)
1️⃣ Identify the Impulse
Look for strong displacement or impulsive candles.

2️⃣ Locate the Base Candle
A small-body candle directly following a displacement.

3️⃣ Validate With Volume (Optional)
Low volume confirms a pause in the algorithm's movement.

4️⃣ Use It With SMC Tools
Base candles work best when aligned with:

• FVGs
  
• Order Blocks
  
• BOS / CHoCH
  
• Liquidity sweeps
  
• Premium/discount equilibrium
  

5️⃣ Entry Model (Example)
Continuation Model:

• Displacement
  
• Base Candle forms (small body)
  
• Enter on break of base candle
  
• SL beyond candle wick
  
• TP at liquidity / FVG end
  

📌 Example Explanation

A bullish impulse appears → price pauses → forms a bullish base candle → FVG below → price mitigates → resumes trend.

This indicator marks the base candle and helps you visualize where the algorithm slowed down before continuing the move.

🚫 Limitations & Notes

This is not a buy/sell signal indicator

• It highlights context, not trades
  
• Must be combined with structure & liquidity analysis
  
• Volume filter is optional and should be tested per asset
  

🔒 Invite-Only Access (If Applicable)

If published as Invite-Only, include this:

• Access is manually approved
  
• Redistribution is not allowed
  
• Do not share access publicly
  
• Contact the author to request access
  
• Unauthorized reselling is strictly prohibited
  

🏁 Final Notes

This indicator is designed for traders who understand:

• Smart Money Concepts
  
• Institutional orderflow
  
• Liquidity models
  
• Algorithmic ranges
  
• Candle behavior within displacement
  

Use it as part of a full trading framework—not as a standalone signal.

📜 Credits

Created by: Manish Kumar Gupta / ask2maniish
Inspired by ICT / SMC price delivery concepts

yesterday

Release Notes

Minor change in UI