Macro ICT indicator download for MetaTrader 4 - Free | Forex indicator download - MT4/MT5 resources

The Macro ICT Indicator is a MetaTrader 4 indicator specifically designed to identify liquidity areas. This indicator helps traders pinpoint strategic entry and exit areas throughout the day. It charts macro zones during US and London market trading hours, with three models: Accumulation Macro , Expansion Macro , and Accumulation Macro .

Indicator specification table

Indicator overview

Simply put, a macro refers to a set of instructions that are automatically activated at a specific time of day to affect price movements in the market. This Macro ICT Indicator helps traders take advantage of different levels of price changes on different time frames. It is especially suitable for ICT trading styles to help traders conduct precise analysis.

Macro ICT indicators show an upward trend

As shown, the EUR/USD chart 5-minute time frame demonstrates the functionality of the indicator. The area highlighted by the macro indicator is of type Expansion . After breaking out of the last previous high, a change of character (CHoCH) occurs, signaling a change in market direction.

Macro ICT indicators show a downward trend

In the downtrend below, the AUD/USD chart is shown on the 1-minute time frame . The highlighted macro is of type Accumulation . After breaking through the previous low, a change of pattern (CHoCH) occurs, which is a short trade .

Indicator Settings

• Color theme charts and objects : chart color display;
• Get London Macro1 on the chart : London Macro1 on the chart;
• London Macro 1 : London Macro 1 time 02:33-03:00;
• Get London Macro 2 on the chart : London Macro 2 on the chart;
• London macro 2 : 04:03-04:30;
• Get New York Macro 1 to appear on the chart : New York Macro 1 on the chart;
• New York macro 1 : 08:50-09:10;
• Put New York Macro 2 on the charts : New York Macro 2 on the charts;
• New York macro 2 : 09:50-10:10;
• Get New York Macro 3 on the chart : New York Macro 3 on the chart;
• New York macro 3 : 10:50-11:10;
• Get New York Macro 4 on the chart : New York Macro 4 on the chart;
• New York macro 4 : 11:50-12:10;
• Putting New York Macro 5 on the chart : New York Macro 5 on the chart;
• New York macro 5 : 13:10-13:40;
• Days to look back : Display the number of days in the past (default setting is 3 days);
• Show the text : Macro type text;
• Backtest time difference : the time difference of backtest (default 7200).

Conclusion

The Macro ICT Indicator is designed to identify key market points and allow traders to predict market movements at specific times. This indicator provides better results in highly liquid markets such as NASDAQ and S&P500 . By using macro ICT, traders can enhance their trading strategies.