ICT Dealing Range

Jan 16

ICT Dealing Range

This indicator identifies and plots ICT (Inner Circle Trader) Dealing Ranges - key institutional areas where smart money accumulates or distributes positions before significant moves.

What is a Dealing Range?

A Dealing Range is a significant price area where institutional traders accumulate or distribute their positions. These ranges form through a specific sequence of price movements that indicate institutional order flow:

Bullish Dealing Range Sequence:
1. Initial High (H)
2. Initial Low (L)
3. Higher High (HH)
4. Lower Low (LL)
5. Break above HH (confirmation)

Bearish Dealing Range Sequence:
1. Initial Low (L)
2. Initial High (H)
3. Lower Low (LL)
4. Higher High (HH)
5. Break below LL (confirmation)

My Trading Strategy

Entry Methods:
1. Range Extreme Retests:
- After range formation, wait for price to return to either extreme
- Long entries at range bottom with stops below
- Short entries at range top with stops above

2. Mid-Line Strategy:
- Use the mid-line as a pivot point for reversals
- Long entries on mid-line bounce with stops below
- Short entries on mid-line rejection with stops above

Stop Loss Placement:
- When entering at extremes: Place stops beyond the mid
- When entering at mid-line: Place stops beyond the opposing extreme
- Always respect the structure's boundaries

Take Profit Targets:
- Minimum 2:1 Risk-Reward ratio
- For extreme entries: Target the opposite extreme
- For mid-line entries: Target the nearest extreme

Risk Management
- Never enter without a clear invalidation point
- Maintain minimum 2:1 RR ratio
- Consider market structure and higher timeframe context

Indicator Features
- Auto-detection of dealing range patterns
- Color-coded boxes (green for bullish, red for bearish)
- Optional mid-line display
- Customizable colors and styles
- Adjustable pivot lookback periods

Notes
This tool is based on ICT concepts but should be used in conjunction with other forms of analysis. The dealing range provides a framework for understanding institutional order flow, but proper risk management and market context are essential for successful trading.

Remember: The best trades often come from clean retests of these ranges after their initial formation. Patience in waiting for proper setups is key to successful implementation.

Jan 25

Release Notes

Added Alerts and Multiple Dealing Range Pivots

Jan 26

Release Notes

Cleaner Detection