Unicorn Indicator (ICT) for MetaTrader 4 Download - Free - [Trading Search]

The Unicorn Indicator is a versatile and advanced tool. This indicator identifies and displays price gaps along with Breaker Blocks on the price chart. A Breaker Block refers to an order block that is easily broken out initially but acts as a solid support area after the price returns and touches it.

The overlap of a Breaker Block with a Fair Value Gap (FVG) creates the Unicorn Zone . This indicator plots the Bullish Unicorn Zone as a green box and the Bearish Unicorn Zone as a red box on the price chart.

Indicator specification table

Indicator overview

The Unicorn indicator analyzes highs and lows in a zigzag pattern. The indicator forms a unicorn zone to identify and draw when breakout blocks overlap with price gaps.

These unicorn zones are key areas for price reversal and trade entry. This indicator is particularly useful for traders using the Inner Circle Trader and Smart Currency trading styles.

Unicorn indicator in an uptrend

As per the price chart for the GBP/USD currency pair on the 1-hour time frame, the Order Block broke first and turned into a Breaker Block . Then, the overlapping Breaker Block with the FVG creates the Unicorn zone . The point where the price intersects the area drawn by the indicator provides suitable opportunities to buy trades (Long) .

Unicorn indicators are on a downward trend

According to the price chart ChainLink Cryptocurrency , the Order Block broke first and turned into the Breaker Block on the 4-hour time frame. Then, the overlapping Breaker Block with the FVG creates the Unicorn zone . The point where the price intersects the area drawn by the indicator provides a suitable opportunity for a sell trade (short) .

Indicator Settings

• Color themes for charts and objects: Light background theme for indicators
• Back candles check: The number of past candles to be calculated is set to 1000
• Object prefix: configure object prefix
• Show level 1 trend: Show level 1 trend (enabled)
• Show level 2 trends: Show level 2 trends (enabled)

Summary

The Unicorn Indicator for MetaTrader 4 is considered an advanced tool for market analysis. This indicator determines the Fair Value Gap (FVG) and the Breaker Block and the overlapping Unicorn zone between these two elements, displayed on the price chart. This indicator works very well for liquidity-based trading styles.