ICT Asian range indicator for MT4 Free Download ICT Asian range indicator for MT4 Free Download

ICT Asia Range is a MT4 Forex indicator used to identify price ranges during the Asian market hours. Retail Forex traders use this information for the Inner Circle Trader Forex strategy.

ICT refers to the Insider Trader Strategy. A well-known Forex strategy among retail Forex traders is based on understanding the different market price periods in trading.

What is the purpose and working principle of the Forex ICT Asia Range Indicator?

In fact, during the Asian market hours for FX trading, trading activity is mainly lower compared to the London and Tokyo sessions. The Insider Trader Forex strategy uses this range to identify chart trends during the London session. Because market prices form major trends mainly during London market hours.

During Asian market trading, the ICT Asia Range Forex indicator will draw a horizontal line as the range boundary. After the Asian market closed and the London market opened, the price broke out of this horizontal line or range boundary. This breakthrough confirms the future direction of market prices.

If the price breaks out of this range in a bullish direction, a bullish market trend will form during the London session. And if the price breaks out of this range in a bearish direction, a bearish chart trend will form during the London session.

See also Win 100 pips every day with MT Forex Moving Strategy.

buy and sell signals

Open a buy trade

When the chart price breaks the upper limit of the Asian market price range, open a buy entry order and trend trade during the London market session.

Open a sell trade

Open a sell entry order to trade a bearish chart trend during the London market session when the chart price breaks the lower limit of the Asian market range.

Conclusion

It is necessary to save time and forex trading strategy with the help of forex indicators. We would not say to rely on Forex indicators in trading. But a semi-manual forex trading system like this one can lead to good profits.

This is why we always recommend using both Forex indicators and manual chart price analysis to increase a good winning rate for a particular trading strategy.

ICT Asia Scope Indicator for MT4 Free Download