Quarterly Theory ICT 02 Indicator MT5 Download – Free | Forex Indicator Download – MetaTrader 5 Resource

The design of the Quarterly Theory ICT 02 indicator is based on ICT style concepts and fractal time structures. By dividing price action into orderly cycles, this indicator can identify recurring trends over a specified time period.

The cycle is divided into four parts (Q1, Q2, Q3 and Q4) and can be visualized on the chart in various time frames such as micro, daily, weekly and yearly, depending on the user's settings.

Quarterly Theoretical ICT 02 Indicator Specification Table

The table below describes the specifications of the quarterly theoretical ICT 02 real opening indicators.

Quarterly Theory ICT 02 List of Real Opening Indicators

One of the main features of the Quarterly Theoretical ICT 02 indicator is the emphasis on the following concept: "True Open" The actual opening price at the beginning of the second phase (Q2) of each cycle.

This point is the basis for determining market direction and plays a central role in trend analysis.

bullish trend conditions

Looking at the USD/JPY chart, the price has stabilized at the "True Open" level and the market is currently in the second and third quarter phases.

This situation indicates that buyers are still in control and the market is leaning higher.

Bearish trend conditions

According to the analysis of the EUR/USD currency pair on the 1-hour time frame, if the price stabilizes at the "True Open" level, bearish momentum usually builds and the distribution phase is accompanied by significant selling pressure.

Until the price recovers and stabilizes above the "True Open" line, the market outlook will remain bearish.

Quarterly theoretical ICT 02 indicator settings

The quarterly theoretical ICT 02 indicators are set as follows:

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: microcirculation True Open color;
• MIN90_TRUE_OPEN_COLOR: The color of True Open in 90-minute period;
• DAILY_TRUE_OPEN_COLOR: The color of True Open in the daily cycle;
• WEEKLY_TRUE_OPEN_COLOR: the real 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: can be subdivided into Q1-Q4 in the microcirculation;
• MIN_90_QUARTERS: Able to be divided into four phases within a 90-minute cycle;
• 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: Ability to divide the annual cycle into four time-based phases;
• 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 upper loop displayed above the table bar;
• SUBPANEL_QUARTER_BOTTOM: Select the lower loop displayed below the table bar;
• UTC_TIME_OFFSET_HOURS: Adjust the time offset relative to UTC to achieve market adjustment;
• HISTORY_LIMIT: The number of historical candles used to display data on the chart.

Conclusion

As a multi-dimensional analysis tool, the Quarterly Theory ICT 02 indicator enables systematic analysis of price behavior by organizing time into structured cycles and incorporating time into the trading decision-making structure.

The main focus of this event trading tool accurately identifies and displays the "True Open" key levels that serve as the main reference for determining possible market directions in each cycle.