Quarterly Theory ICT 02 Indicator MT4 Download – Free | Forex Indicator Download – MetaTrader 4 Resource

The quarterly theoretical ICT 02 indicator is an indicator based on ICT style concepts and fractal timing.

This trading tool divides markets into structured cycles and identifies price phases that recur over time.

These phases are divided into four defined phases (Q1, Q2, Q3 and Q4) and are repeated consistently across all time frames of daily, weekly, micro and yearly cycles, depending on the trader's choice.

Quarterly Theoretical ICT 02 Indicator Specification Table

The table below outlines the characteristics of the quarterly theoretical ICT 02 real opening indicator.

Quarterly Theory ICT 02 List of Real Opening Indicators

One of the main features of the quarterly theoretical ICT 02 indicator is its focus on "True Open" and the actual opening point of the market.

This point occurs at the beginning of the second phase (Q2) of each cycle and serves as the primary reference for analyzing the direction of price action.

This indicator displays the true opening point as a line on the chart.

bullish trend conditions

According to the USD/CAD currency pair chart on the 1 hour time frame, the price has stabilized at the "True Open" level and the market has entered the second and third quarters.

As long as the price does not fall below this level, the bullish trend will continue.

Bearish trend conditions

According to the GBP/USD chart, when price stabilizes at the "True Open" level, there is usually strong bearish momentum and distribution.

As long as price fails to stabilize above these lines, the bearish trend will continue.

Quarterly theoretical ICT 02 indicator settings

The following are the settings for the quarterly theoretical ICT 02 indicators:

Display Setting

• TRUE_OPEN_MICRO: Enable True Open display of microcirculation;
• TRUE_OPEN_MIN90: Allow display of True Open 90 minute period;
• TRUE_OPEN_DAILY: Enable the real opening display of the daily cycle;
• TRUE_OPEN_WEEKLY: Enable the real opening display of the weekly cycle;
• TRUE_OPEN_MONTHLY: Enable the real opening display of the monthly cycle;
• TRUE_OPEN_YEARLY: True Open that allows display of annual cycles;
• MICRO_TRUE_OPEN_COLOR: the color of True Open in the microcycle;
• MIN90_TRUE_OPEN_COLOR: True Open color within the 90-minute period;
• DAILY_TRUE_OPEN_COLOR: The color of True Open in the daily cycle;
• WEEKLY_TRUE_OPEN_COLOR: The true opening color of the weekly cycle;
• MONTHLY_TRUE_OPEN_COLOR: The color of True Open in the monthly cycle;
• YEARLY_TRUE_OPEN_COLOR: The color of True Open in the annual cycle.

Quarters

• MICRO_QUARTERS: Microcirculation can be divided into 4 stages (Q1–Q4);
• MIN_90_QUARTERS: Can be divided into four phases, each phase is 90 minutes;
• DAILY_QUARTERS: Ability to display Q1–Q4 phases in the daily cycle;
• WEEKLY_QUARTERS: Able to display the four phases of the weekly cycle;
• MONTHLY_QUARTERS: The monthly cycle can be divided into four phases;
• YEARLY_QUARTERS: Able to divide the annual cycle into four time periods;
• DISPLAY_LABELS: Display Q1, Q2, Q3 and Q4 labels on the chart;
• DISPLAY_TABLE: Display the stage status table of all cycles;
• SUBPANEL_QUARTER_TOP: Select the top display period of the table bar;
• SUBPANEL_QUARTER_BOTTOM: Select the bottom display period of the table column;
• UTC_TIME_OFFSET_HOURS: Adjust the time offset from UTC to be consistent with market time;
• HISTORY_LIMIT: The number of historical candles used for data display on the chart.

Conclusion

The Quarterly Theory ICT 02 indicator acts as a multi-layered analysis system that introduces structured time into the trader's decision-making process.

The core focus of this event trading tool is on identifying and plotting "True Open" points as the basis for determining price direction.