Induction and Scan ICT Indicator Download for MT4 – Free | Forex Indicator Download – MetaTrader 4 Resource

The Market Structure and Liquidity Search (MSIS) indicator is one of the advanced tools in MetaTrader 4 indicators , designed to identify key areas and analyze market structure to better help traders assess market conditions .

This indicator provides a comprehensive view of the market by accurately identifying the market's Change of Behavior (CHoCH) , Break in Structural (BOS) , Inducement (IDM) , and Liquidity Zones , giving traders a broad perspective on market conditions.

Indicator Table

Indicators at a glance

The Market Structure with Inducement and Scan (MSIS) indicator provides traders with accurate insights into market movements and price action types. It identifies the induced (IDM) zone , where price changes to attract more liquidity. These levels tempt traders to open positions and fall into price traps.

This tool, especially in the ICT and Smart Currency styles, provides traders with better entry point insights.

Market Structure and Liquidity Search Indicators in Uptrends

According to the USD/MXN daily chart, an uptrend occurs with Change of Structure (CHoCH) ; with each Break of Structure (BOS) on the chart, the indicator automatically recognizes and flags it.

Market structure and liquidity search indicators are in a downward trend

As shown in the chart below, the downtrend started with a change of character on the 1-hour timeframe after the USD/CAD pairing (CHoCH). With each structural break (BOS) , the price low was broken and the indicator automatically marked liquidity and inducement zones.

Indicator Settings

• Color themes for charts and objects: chart background color
• Candles to check: Returns the number of candles
• Swing CHoCH: calculated character change
• Swing BOS: Calculated break
• Swing induction: calculation induction

Conclusion

The indicator is able to identify Change of Character (CHoCH) , Break in Structural (BOS) , Inducement (IDM) , and Liquidity Zones , providing a comprehensive view of market conditions. Traders using ICT and Smart Money styles can utilize this indicator to identify market trigger zones and trade with more confidence.