ICT style CISD-CID + BPR combination indicator MT5 download - Free - [TFlab]

The CISD-CID + BPR composite indicator is based on ICT trading style in MetaTrader 5. This MT5 liquidity indicator utilizes the three concepts of "CID", "CISD" and "BPR" to identify specific areas on the chart and issue trading signals under the appropriate conditions.

The "CISD" concept contains four elements: consolidation, impulse, volatility, and divergence. Typically, price exits these areas in rapid swings (pulses).

In this case, the indicator detects the pattern and the arrow gives a trading signal whenever the large CISD line is touched, followed by a break of the small CISD line in the opposite direction.

The concept of "CID", as a complement to "CISD", means the shift of order flow and the change of price direction. It plays an important role in predicting corrective movements or initiating new trends.

Indicator specification table

Indicators at a glance

The BPR area refers to an area where prices fluctuate within a relatively fixed range and there is a balance between buyers and sellers.

Exits from these areas are often followed by strong moves, which is why ICT (Inner Circle Trader) traders use these areas as entry points for trading.

The chart below shows the green boxes representing Bullish BPR Zones, the red boxes representing Bearish BPR Zones , and invalid areas shown in blue.

Buy Signal Issue

As can be seen from the NZD/USD currency pair chart on the 4-hour time frame, the price started an upward trend after a false breakout of the larger CISD line.

Once the price breaks above the smaller CISD line, the indicator issues a buy signal to enter the Long Position .

Send a sell signal

As seen on the 1-hour timeframe on the Chainlink cryptocurrency chart, the price started a downward trend after a false breakout of the larger CISD line.

Once the price breaks the smaller CISD line, the indicator issues a sell signal to enter the Sell Position .

Indicator Settings

• Light theme : Chart theme setting;
• Show BPR : Show or hide the BPR area;
• show BPR CISD : show or hide CISD lines;
• BPR CISD Limit : The number of BPR areas relative to the CISD area is set to 4.

Conclusion

The CISD-CID + BPR indicator helps traders identify trading opportunities using four elements: consolidation, impulse, swing, and volatility. Divergence , while adding a Balanced Price Range (BPR).

Furthermore, this MT5 ICT indicator uses arrows to signal entry based on these elements when conditions are right.