MT4 Quarterly Theory ICT 03 Indicator Download – Free | Forex Indicator Download – MetaTrader 4 Resources

The Quarterly Theory ICT 03 indicator is an analytical tool based on the ICT trading style in MetaTrader 4, which utilizes a concept called precise swing points.

This tool detects signs of strength or weakness in current market trends by analyzing the convergence and divergence of candle closing prices between two or three trading symbols and marking them with colored arrows.

Additionally, the ICT 03 Quarterly Theoretical Indicator includes a live table showing divergence or convergence data between related assets.

Quarterly Theoretical ICT 03 Indicator Specification Table

The table below outlines the specifications for the quarterly theoretical ICT 03 precision swing point indicator.

List of Quarterly Theoretical ICT 03 Indicators

The Exact Swing Point pattern consists of three candles, with the middle candle being the most important.

If the middle candle is bearish in the underlying symbol and bullish in the related symbol, a positive divergence will occur, triggering a buy signal. On the contrary, if the middle candle is bullish in the underlying symbol and bearish in the related symbol, a negative divergence is recognized and the indicator issues a sell signal.

Buy Signal

In the following example, the currency pair "GBP/USD" is selected as the base symbol and "SP500" as the related symbol. According to the chart, in the above chart (Base Currency), a bullish pattern has formed, while in the related symbol, a bearish pattern has formed. Based on this, the indicator has generated a buy signal on the "GBP/USD" chart.

Sell ​​Signal

In the example below, "EUR/USD" and "Nd100" are selected as the base and related symbols respectively.
According to the analysis, a precise bearish pivot pattern has formed in the upper chart ( EUR/USD ), while in the lower chart (related symbols), a bullish pattern has emerged.
Under these conditions, the indicator detects divergence and generates a sell signal.

Quarterly Theory ICT 03 Precise Fluctuation Point Indicator Settings

The indicator settings panel includes the following options:

• MODE: Comparison mode between assets (two or three symbols);
• SYMBOL2: Select the second symbol;
• SYMBOL3: Select the third symbol;
• ZIGZAG_PERIOD: ZigZag line calculation period;
• ZIGZAG_BACKSTEP: Minimum number of candles between ZigZag swing points;
• PATTERN_METHOD: Determine the candlestick pattern structure;
• PINBAR_RATIO: Verify the threshold ratio of pin bar;
• FILTER_PRECISION_SWING_POINT: Enable filter to show only precise patterns;
• USE_TREND: Apply the trend direction filter to only display signals in the trend direction;
• ALERT: Enable alerts;
• EMAIL: Send signal via email;
• NOTIFICATION: Enable push notifications;
• SIGNAL_TIMEOUT_BARS: How long to keep the signal on the chart;
• DISPLAY_ZIGZAG: Switch the visibility of the zigzag line structure on the chart;
• DISPLAY_TABLE: Show or hide the divergence and candle status table;
• Show correlation: display the correlation information between symbols in the table;
• HISTORY_LIMIT: Number of past candles to load and analyze.

Conclusion

The Quarterly Theoretical ICT 03 Indicator is a professional tool designed to detect precise market turning points based on the difference between two or three related assets.

Using a three-candle precision swing point structure, this indicator generates a bullish or bearish signal on the fourth candle after the close of the third candle.

Additionally, it includes a live table on the chart showing data such as divergence status and candlestick type.