OPEN-SOURCE SCRIPT
ICT Macros [CJ]
Macro
ICT + Hydra
How to Use the ICT Macro Framework:
Top-Down Analysis:
Start by identifying the macro narrative using higher timeframes (monthly, weekly).
Determine the current market structure and identify key zones of interest (order blocks, liquidity pools).
Determine Bias:
Use the daily or 4-hour chart to establish a bullish or bearish bias.
Look for confluences like order blocks, fair value gaps, or areas where liquidity is resting.
Intraday Execution:
Move down to the 1-hour, 15-minute, or even 5-minute charts to find optimal entries.
Use killzones and the Power of Three model to time entries effectively, often waiting for a retracement to an order block or fair value gap.
Entry and Exit:
Use ICT concepts like FVGs, order blocks, and liquidity pools to plan precise entries.
Look for signs of displacement (strong impulsive moves) as confirmation.
Exit at logical targets like opposing liquidity pools, order blocks, or the fulfillment of a fair value gap.
ICT + Hydra
How to Use the ICT Macro Framework:
Top-Down Analysis:
Start by identifying the macro narrative using higher timeframes (monthly, weekly).
Determine the current market structure and identify key zones of interest (order blocks, liquidity pools).
Determine Bias:
Use the daily or 4-hour chart to establish a bullish or bearish bias.
Look for confluences like order blocks, fair value gaps, or areas where liquidity is resting.
Intraday Execution:
Move down to the 1-hour, 15-minute, or even 5-minute charts to find optimal entries.
Use killzones and the Power of Three model to time entries effectively, often waiting for a retracement to an order block or fair value gap.
Entry and Exit:
Use ICT concepts like FVGs, order blocks, and liquidity pools to plan precise entries.
Look for signs of displacement (strong impulsive moves) as confirmation.
Exit at logical targets like opposing liquidity pools, order blocks, or the fulfillment of a fair value gap.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.