MT5 Quarterly Theory ICT 03 Indicator Download – Free | Forex Indicator Download – MetaTrader 5 Resources

The quarterly theoretical ICT 03 indicator is based on the ICT trading style and uses precise swing point patterns to send trading signals.

This indicator analyzes candlestick closes between two or three related symbols, detects directional differences between them, and highlights the strength or weakness of the current market trend.

It also includes a real-time table showing the divergence or convergence status between selected trading symbols.

Quarterly Theoretical ICT 03 Indicator Specification Table

Specifications Quarterly Theory ICT 03 Precision Swing Point Indicator are as follows.

List of Quarterly Theoretical ICT 03 Indicators

The Exact Swing Point pattern consists of three consecutive candles, centered on the middle candle.

When the middle candle in the main symbol closes bearishly, but at the same time the candle in the related symbol is bullish, this mismatch indicates a positive divergence and a buy signal is issued.

On the contrary, if the middle candle is bullish in the underlying symbol and bearish in the related symbol, a negative divergence is recognized, prompting the indicator to issue a sell signal.

Buy Signal

In the image below, the currency pair "EUR/USD" is considered the main symbol, while "AUD/USD" is considered the related symbol.
According to the charts, "EUR/USD" has formed a bullish structure, while "AUD/USD" has formed a bearish pattern.
This contrast in behavior between the two assets indicates the presence of a positive divergence, and by identifying it, the indicator has generated a buy signal on this asset "EUR/USD" chart.

Sell ​​Signal

In the following example, the currency pair "EUR/USD" is selected as the base symbol and "US500" as the related symbol.
In the above chart, a precise bearish pivot pattern formed, while in the lower chart, a bullish pattern emerged.
This contrast in the behavior of the candlesticks between the two symbols indicates the presence of a negative divergence; therefore, the indicator detects this divergence and issues a sell signal based on the weakening of the bullish trend.

Quarterly Theory ICT 03 Setting of precise fluctuation point indicators

The setting of the quarterly theoretical ICT 03 indicator is shown in the figure below:

• MODE: Asset comparison mode (two symbols or three symbols);
• SYMBOL2: Select the second symbol;
• SYMBOL3: Select the third symbol;
• ZIGZAG_PERIOD: ZigZag line calculation period;
• ZIGZAG_BACKSTEP: The minimum number of candles between ZigZag turning points;
• PATTERN_METHOD: Define the candlestick pattern structure type;
• PINBAR_RATIO: Threshold ratio for detecting valid pin bars;
• FILTER_PRECISION_SWING_POINT: Enable filter to show only precise patterns;
• USE_TREND: The trend direction filter only displays signals in the main trend direction;
• ALERT: Enable alert;
• EMAIL: Send signal via email;
• NOTIFICATION: Enable notification sending;
• SIGNAL_TIMEOUT_BARS: The duration the signal remains on the chart;
• DISPLAY_ZIGZAG: Show or hide the ZigZag 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 Theory ICT 03 indicator is a powerful tool for detecting market turning points based on the difference between two or three related symbols.

This indicator uses a three-candle precision swing point pattern and issues a buy or sell signal on the fourth candle after the third candle closes.

Additionally, a visual table on the chart provides real-time status divergence and candlestick types.