ICT IOF — Indicator by vishalnathu

Simple script to define IOF as defined by ICT

Green is bullish
Red is bearish

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?

//@version=2
study(title="IOF", overlay = false)
//maPeriod = input(title="MA Period", type=integer, defval=20, minval=1)
LMa = ema(close,9)
HMa = ema(close,18)
isBullish() => HMa < LMa
isBearish() => HMa > LMa
bgcolor(isBullish() ? green : isBearish() ? red : na)