Unicorn Indicator (ICT) for MetaTrader 5 Download - Free - [Trading Search] - MT4/MT5 Resources

The Unicorn Indicator is an advanced tool for MetaTrader 5 . The indicator accurately identifies price gaps and displays them as Breaker Blocks on the price chart. A Breaker Block is an order block that is easily broken out initially but becomes strong support after the price returns and touches it.

The Unicorn zone is formed when a Breaker Block overlaps with a Fair Value Gap (FVG) . The indicator plots Bullish Unicorn Zone with green color and Bearish Unicorn Zone box with red color on the chart.

Indicator specification table

Indicator overview

The Unicorn indicator uses a zigzag structure to analyze price highs and lows. When a breakout block overlaps a price gap, the indicator forms a unicorn zone, which is automatically recognized and plotted.

These areas are considered key points for price reversal and trade entry opportunities. The Unicorn indicator is particularly useful for traders using ICT and smart money trading methods.

Unicorn indicator in an uptrend

Based on the XAU/USD price chart on the 1 hour time frame, the Order Block moves quickly and turns into a Breaker Block . The overlapping Breaker Block with the FVG creates the Unicorn zone . The indicator automatically detects and plots Unicorn zones on the price chart. Price's return to the Unicorn zone provides a suitable opportunity to buy trades (Buy) .

Unicorn indicators are on a downward trend

As shown in the Ethereum (ETH) price chart on the 4-hour time frame, the Order Block past chart saw a breakout due to a strong and fast move, turning into a Breaker Block . The overlapping Breaker Block and FVG forms the Unicorn zone . The indicator automatically detects and plots Unicorn zones on the chart. Price moving back into this area could be an opportunity for sell trades (Sell) .

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 Trend: Show level 2 trend (enabled).

Summary

The Unicorn Indicator in MetaTrader 5 is recognized as an advanced tool for market analysis. In addition to identifying Fair Value Gaps , it can detect Breaker Blocks and overlapping Unicorn zones of these two elements. This tool is very effective for traders using liquidity-based strategies.