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ICT Unicorn Model

By LuxAlgoJan 23, 2024

ICT Unicorn Model is an indicator on Vela, our next-generation charting platform, written in Pine Script®.

ICT Unicorn Model hunts the unicorn setup, a fair value gap overlapping a breaker block, and validates a pattern only once price successfully re-tests the gap. The bullish case forms as a lower low gives way to a higher high with the FVG sitting on the breaker; the bearish case mirrors it, higher high then lower low. Every confirmed pattern arrives framed for execution: blue target and grey stop Risk/Reward zones are drawn immediately, and a line in the chart's foreground color marks whichever side resolves.

How to Trade the ICT Unicorn Model?

  • Confirmed bullish Unicorn: after the LL-to-HH shift and gap re-test, trade toward the plotted target zone with the stop area defining risk.
  • Confirmed bearish Unicorn: the HH-to-LL sequence with a validated gap frames shorts the same way.
  • Trailing stop: the optional trailing stop allows exits before the stop zone is hit, useful for partial profit-taking.
  • Swing tuning: shorter swing settings surface short-term breakers; longer ones isolate patterns built on bigger structure.

A new detection replaces any unconfirmed pattern in the same direction. Confirmed patterns are tracked until target or stop is reached unless a newer pattern takes over first: a new same-direction detection always does, and with Combine off so does an opposite one. Context still matters: liquidity, broader conditions and avoiding volatile news periods all sharpen the read.

ICT Unicorn Model Settings

  • Swings: the swing lengths used by the ZigZag engine to identify Unicorn structure.
  • Combine: lets opposing bullish and bearish patterns coexist instead of clearing the older one, more context in view, with extra chart clutter as the trade-off.
  • Risk/Reward: sets the ratio that positions the target zone relative to the stop.
  • Trailing Stop: swing lengths that modulate how the trailing stop follows price.
  • Bullish and bearish patterns toggle independently, with FVG box and trailing stop colors to match.

Frequently Asked Questions

Free to use

Run it on Vela. Go further with a paid plan.

  • Up to 500 Custom Alerts, with webhook automation
  • Up to 10× the chart history of Free
  • Orderflow lookback up to full history
  • More Quant usage to customize it, plus extra usage when you need it
  • Futures data alongside crypto, stocks, forex and commodities
See plans

Also works on

TradingView
Original indicatorBuilt in-house by LuxAlgo

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Open this indicator free on Vela, our next-generation charting platform. Then ask Quant, our coding agent built into Vela, to retune it or turn it into a backtested strategy of your own.