One Setup for Life ICT

The One Setup for Life ICT indicator provides a specialized framework for viewing session highs and lows based on Inner Circle Trader (ICT) concepts. It automatically identifies and tracks liquidity levels from previous and current trading sessions, specifically highlighting price points that become relevant for reversals or take-profit targets after the 09:30 AM New York open.

Usage

The Usage section focuses on identifying key liquidity levels established during various market phases to anticipate price reactions.

• Identifying Reversals: Users look for price to test the highs or lows of previous sessions (like London or the Previous AM session) after the designated start time (defaulting to 09:30 AM). If price sweeps these levels and shows a displacement, it may signal a reversal.
• Targeting Liquidity: The levels drawn by the indicator serve as logical "draws on liquidity." Traders can use these session extremes as Take Profit (TP) locations when trading in the direction of the market trend.
• Session Tracking: The tool visually segments the day into London, New York AM, Lunch, and PM sessions, allowing traders to see where the bulk of the day's liquidity was formed.

Details

The indicator is constructed to follow the specific timing and logic used in ICT methodologies. It implements a "blocking" mechanism where levels tested after 09:30 AM are visually preserved or updated to ensure a clean view of which liquidity pools have been mitigated. It handles timezone conversions automatically to align with the 'America/New_York' standard required for ICT setups.

Settings

• Max TF Show: Limits the indicator display to lower timeframes (default 15m) to maintain chart clarity.
• Session Backgrounds: Toggle background coloring for London, NY, PM sessions, and specific "Silver Bullet" windows.
• Session Visuals: Choose to show session boxes, text labels, and previous session High/Low lines.
• Price Labels: Option to display the specific price value next to the session level labels.
• Start Time (Liquidity): Defines the point (00:00, 02:00, 08:30, or 09:30) when the indicator begins considering previous levels for active trading.
• Show Only for Today: When enabled, removes historical session levels to focus exclusively on current price action.

FAQ

How do I interpret the session boxes? The boxes represent the price range (High to Low) established during specific time windows like London or the NY AM session. These ranges define the liquidity boundaries for the day.

Can I change the session times? The session times are hardcoded to follow ICT standards (London: 02:00-05:00, NY: 09:30-12:00, etc.), but you can toggle their visibility and the specific liquidity "start time" in the settings.

How do I access One Setup for Life ICT? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.