The Quarterly Theory ICT 03 Indicator in MT5 is built upon the ICT trading methodology and delivers advanced trading signals through the Precision Swing Points pattern. This tool is specifically designed for traders seeking to identify divergences between correlated assets and pinpoint potential market turning points with high accuracy.
By analyzing the closing prices of candles across two or three correlated instruments, the indicator detects mismatches in directional movement. These divergences reveal underlying strengths or weaknesses within the trend, allowing traders to act before the broader market adjusts. A built-in real-time table further simplifies analysis by displaying the current status of convergence or divergence among selected symbols.
Indicator Specifications
The Precision Swing Points pattern is structured around three candles, with the middle candle being the critical focus. The indicator compares the closing direction of this candle on the main symbol with that of the correlated instrument:
When GBP/USD forms a bullish setup and its correlated pair USD/JPY shows bearish behavior, the indicator recognizes this mismatch as positive divergence. A buy signal is triggered, highlighting the opportunity to ride the upward trend on GBP/USD.
In another scenario, if USD/CAD presents a bearish pattern while AUD/USD forms a bullish one, the indicator identifies this contradiction as a negative divergence. It responds with a sell signal, signaling a potential decline in the bullish momentum of USD/CAD.
The indicator offers highly customizable options, giving traders full control over its behavior:
The Quarterly Theory ICT 03 Indicator is a refined divergence-based tool that goes beyond simple price action analysis. Its integration of the Precision Swing Points pattern with correlation logic helps traders identify high-probability turning points in Forex, Crypto, and Stock markets.
By issuing buy or sell signals on the fourth candle after the setup, the indicator provides traders with both accuracy and timeliness. Coupled with its real-time analytical table, it becomes not just a signal generator but a complete decision-support system for advanced traders.
By analyzing the closing prices of candles across two or three correlated instruments, the indicator detects mismatches in directional movement. These divergences reveal underlying strengths or weaknesses within the trend, allowing traders to act before the broader market adjusts. A built-in real-time table further simplifies analysis by displaying the current status of convergence or divergence among selected symbols.
Indicator Specifications
- Category: Pivot Points & Fractals, Signal & Forecast, ICT
- Platform: MetaTrader 5
- Skill Level: Advanced
- Indicator Type: Reversal
- Timeframe: Multi-Timeframe
- Trading Style: Swing Trading, Scalping, Day Trading
- Markets: Forex, Crypto, Stocks
- Download: https://cdn.tradingfinder.com/file/...y-ict-03-precision-swing-points-mt5-tflab.zip
How the Indicator Works
The Precision Swing Points pattern is structured around three candles, with the middle candle being the critical focus. The indicator compares the closing direction of this candle on the main symbol with that of the correlated instrument:
- Positive Divergence (Buy Signal): If the middle candle on the base symbol closes bearish while the correlated symbol closes bullish, the indicator identifies strength building in the trend and issues a buy signal.
- Negative Divergence (Sell Signal): If the base symbol shows a bullish close while the correlated asset closes bearish, this indicates weakness and the system generates a sell signal.
Example of a Buy Signal
When GBP/USD forms a bullish setup and its correlated pair USD/JPY shows bearish behavior, the indicator recognizes this mismatch as positive divergence. A buy signal is triggered, highlighting the opportunity to ride the upward trend on GBP/USD.
Example of a Sell Signal
In another scenario, if USD/CAD presents a bearish pattern while AUD/USD forms a bullish one, the indicator identifies this contradiction as a negative divergence. It responds with a sell signal, signaling a potential decline in the bullish momentum of USD/CAD.
Key Settings
The indicator offers highly customizable options, giving traders full control over its behavior:
- MODE: Select between 2-symbol or 3-symbol comparison
- SYMBOL2 / SYMBOL3: Assign correlated instruments
- ZIGZAG_PERIOD / BACKSTEP: Define ZigZag sensitivity for swing detection
- PATTERN_METHOD: Choose candlestick pattern logic
- PINBAR_RATIO: Set thresholds for pin bar identification
- FILTER_PRECISION_SWING_POINT: Enable filtering to focus on accurate setups
- USE_TREND: Restrict signals to the primary trend direction
- ALERT / EMAIL / NOTIFICATION: Enable alerts and signal delivery
- SIGNAL_TIMEOUT_BARS: Define how long signals remain active
- DISPLAY_ZIGZAG / TABLE / CORRELATION: Control chart visuals and correlation display
- HISTORY_LIMIT: Load and analyze a defined number of past candles
Final Thoughts
The Quarterly Theory ICT 03 Indicator is a refined divergence-based tool that goes beyond simple price action analysis. Its integration of the Precision Swing Points pattern with correlation logic helps traders identify high-probability turning points in Forex, Crypto, and Stock markets.
By issuing buy or sell signals on the fourth candle after the setup, the indicator provides traders with both accuracy and timeliness. Coupled with its real-time analytical table, it becomes not just a signal generator but a complete decision-support system for advanced traders.