dmn's ICT ToolkitThis is my quality of life indicator for forex trading using the methods and concepts of ICT.
The idea is to automate marking up important price levels and times of the day instead of doing it manually every day.
Killzones
Marks the most volatile times of the day on the chart, during which the intraday high/low usually takes place.
Particularly impactful when there's news released during these times.
London Open (02:00-05:00 EST)
New York Open (08:30-11:00 EST)
London Close (10:00-11:30 EST)
True Day delineation
Vertical line at the start of the "true day" (00:00 EST), start of the algorithmic trading day and aids in visualizing the intraday direction.
New York midnight price level
Noteworthy price level at the start of the "true day".
This price level is referenced by the interbank trading algorithms during the day. Buy below it on bullish days, sell above it on bearish days.
Daily open price level
Reference level for optimal trade entries. Buy below it on bullish days, sell above it on bearish days.
Central Banks Dealers Range (CBDR) (14:00-20:00 EST) &
Central Banks Dealers Flout (CBDF) (15:00-24:00 EST) &
Asian Range (AR) (20:00-24:00 EST)
The standard deviation lines available are used to make predictions for short-term future highs/lows when the CBDR and AR are smaller than 40 pips.
Trade them by looking for 5/15min key levels that converge with the projection levels.
X days Average Daily Range (ADR)
Default to 5 days back, gives an idea of how much movement to expect intraday when the ADR high/low is converging with CBDR/CBDF/AR standard deviations.
Current Daily Range (CDR)
Used for comparison against the ADR to help determine if there's enough intraday range left to enter a trade.
Dynamically changes color based on percentage of the ADR. Green below 50% of ADR, orange between 50 and 100%, red when CDR exceeds ADR.
All of the above are used in conjunction with each other and higher timeframe levels of importance to find entries and target.
Note: Preferably use New York's time zone for your charts.
