fxdmn

dmn's ICT Toolkit

fxdmn Updated   
This is my quality of life indicator for forex trading using the methods and concepts of ICT.
The idea is to automate marking up important price levels and times of the day instead of doing it manually every day.


Killzones
  • Marks the most volatile times of the day on the chart, during which the intraday high/low usually takes place.
  • Particularly impactful when there's news released during these times.
  • London Open (02:00-05:00 EST)
  • New York Open (08:30-11:00 EST)
  • London Close (10:00-11:30 EST)

True Day delineation
  • Vertical line at the start of the "true day" (00:00 EST), start of the algorithmic trading day and aids in visualizing the intraday direction.

New York midnight price level
  • Noteworthy price level at the start of the "true day".
  • This price level is referenced by the interbank trading algorithms during the day. Buy below it on bullish days, sell above it on bearish days.

Daily open price level
  • Reference level for optimal trade entries. Buy below it on bullish days, sell above it on bearish days.

Central Banks Dealers Range (CBDR) (14:00-20:00 EST) &
Central Banks Dealers Flout (CBDF) (15:00-24:00 EST) &
Asian Range (AR) (20:00-24:00 EST)
  • The standard deviation lines available are used to make predictions for short-term future highs/lows when the CBDR and AR are smaller than 40 pips.
  • Trade them by looking for 5/15min key levels that converge with the projection levels.

X days Average Daily Range (ADR)
  • Default to 5 days back, gives an idea of how much movement to expect intraday when the ADR high/low is converging with CBDR/CBDF/AR standard deviations.

Current Daily Range (CDR)
  • Used for comparison against the ADR to help determine if there's enough intraday range left to enter a trade.
  • Dynamically changes color based on percentage of the ADR. Green below 50% of ADR, orange between 50 and 100%, red when CDR exceeds ADR.

    All of the above are used in conjunction with each other and higher timeframe levels of importance to find entries and target.

    Note: Preferably use New York's time zone for your charts.
Release Notes:
Added Asian Killzone
Release Notes:
Added weekday labels
Release Notes:
Forgot the code that made toggling weekday labels on and off work.
Release Notes:
Added customization options for the stats box
Release Notes:
Added GMT Midnight open price line
Fixed a settings bug
Release Notes:
Added 4am open price line (experimental)
Added price level labels
Release Notes:
Added some options:
  • Use bodies or wicks for the ranges.
  • Timeframe on which the ranges are measured.
  • Customizable start and end times for the ranges.
Release Notes:
Added customizable number of std. deviations.
Release Notes:
Fixed a weekday display bug when using unorthodox exchanges' data feeds.
Also added an offset option to move the text horizontally to get it in a nice spot when it's misaligned due to the exchange used.
Release Notes:
  • Changed default killzone times for NY open and London close.
  • Added optional "trueday" deliniation for sundays.
  • Added standard deviation projection line width option.
Release Notes:
Reverted a couple of things meant for testing purposes that got published (killzone vertical shift and dynamic CBDR box border color).
Release Notes:
Updated the indicator chart image to better reflect the current version.
Release Notes:
Redesigned killzone indicators with optional text labels.
Release Notes:
  • Text label related killzone option bug fix.
  • Added option to use the old visual style of killzones.
Release Notes:
Chart timeframe related asian range standard deviation calculation bug fix
Release Notes:
Added PDH and PDL Levels.
Release Notes:
Changed a tooltip.
Release Notes:
  • Added PMH and PML levels.
Release Notes:
  • Added New York Lunch to killzones (off by default)
Release Notes:
  • Fixed NY Lunch history lines/boxes not being removed when history is toggled off.
Release Notes:
  • Changed PDH/PDL Lines to the previous true day h/l instead of the previous daily candle's h/l.
  • PDH/PDL Lines now start at the actual high and low.
Release Notes:
  • Added automatic timezone option (sets the indicator's timezone automatically to New York).
Release Notes:
  • Fixed asian open killzone box dynamic text color bug.
Release Notes:
  • Fixed PML/PMH line positioning bug that could occur under certain circumstances.
Release Notes:
  • gmt open time correction.
Release Notes:
Build 1457
  • Added Y-offset option for killzone boxes/lines (higher value = closer to price)
Release Notes:
Increased Killzone size limit for better visibility on certain tickers.

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.

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