ICT Seek & Destroy Profile
May 31, 2023
The ICT Seek & Destroy Profile indicator identifies and anticipates potentially "choppy" New York trading sessions based on price action occurring during the preceding Asian and London sessions. By monitoring if the London session expands beyond both the high and low of the Asian range, the tool provides visual warnings and tracks the historical success rate of these volatility forecasts.
Usage
The Usage section focuses on identifying "Seek & Destroy" market conditions, which are typically characterized by erratic, non-trending price action. Users can utilize the script to avoid overtrading during sessions with low probability for sustained moves.
Identifying Potential S&D Days
A potential Seek & Destroy warning is triggered when the London session takes out both the high and the low of the Asian range. This is often viewed in ICT methodologies as a sign of a "choppy" or "range-bound" New York session to follow. When this condition is met, a red "Potential S&D Day" label appears, and an optional warning table displays on the chart for the duration of the New York session.
Validating Session Success
The script evaluates the accuracy of its warnings based on user-defined success criteria. A "Successful S&D Day" is marked with a green label if the New York session meets any of the following:
- Inside Day: NY price action stays entirely within the London range.
- Outside Day: NY price action expands beyond both the London high and low.
- Close Within Range: The NY session closes within the London high/low boundaries.
- Small Range: The NY range is smaller than a specified standard deviation of historical NY ranges.
Details
The script operates by tracking three distinct killzones: Asia, London, and New York. It calculates the high and low for each session and stores historical data to provide statistical feedback.
The standard deviation calculation for the "NY Range Too Small" criteria is performed by taking the average of all New York ranges loaded on the chart. If the current NY range is less than or equal to the historical mean multiplied by the user-defined factor (default 1.0), it is flagged as a successful prediction of low volatility.
The indicator also includes a statistics table that displays the total sessions analyzed, the number of warnings issued, and the percentage of successful predictions based on the active success criteria.
Settings
Killzones
- Asia/London/New York: Defines the session times and visual box colors for each trading period.
Success Criteria
- NY Stays Within London Range: Considers the warning successful if NY remains an inside period relative to London.
- NY Exceeds London High & Low: Considers the warning successful if NY creates an outside period relative to London.
- NY Closes Within London Range: Considers the warning successful if the NY close price is within the London boundaries.
- NY Range Too Small: Enables standard deviation filtering for session range size.
- Standard Deviation Factor: The multiplier used to determine if the NY range is "small" compared to historical data.
Labels & Warning
- Potential S&D Day: Toggles the label and color for the initial London warning.
- Successful S&D Day: Toggles the label and color for the NY validation.
- Show Warning: Enables a prominent warning table during the NY session.
- Warning Message: Customizes the text displayed in the warning table.
Statistics
- Show Statistics Table: Toggles the visibility of the performance tracking table.
- Table Position/Size: Adjusts the UI location and text scaling for the statistics.
FAQ
How does the indicator define a "Seek & Destroy" profile? It defines it as a day where the London session breaches both the high and low of the Asian session, signaling a lack of clear directional bias.
Can I change the session times for different asset classes? Yes, the Asia, London, and New York session times can be fully customized in the "Killzones" settings group to match your specific market.
How do I access the ICT Seek & Destroy Profile? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.
Free indicator
Get free access to this indicator on the platforms below.
The Library is free. Quant makes it yours.
Pull any concept or indicator into Quant: rebuild it, retune it, or turn it into a backtested strategy of your own.
