ICT Killzones Toolkit [LuxAlgo] — Indicator by LuxAlgo — TradingView (2024)

The ICT Killzones Toolkit is a comprehensive set of tools designed to assist traders in identifying key trading zones and patterns within the market.

The ICT Killzones Toolkit includes the following Price Action components:

  • ICT Killzones with Pivot Highs/Lows
  • Order Blocks
  • Breaker Blocks
  • Fair Value Gaps
  • Market Structure Shifts

By combining these components, the ICT Killzones Toolkit provides traders with a comprehensive framework for analyzing the market and identifying setups of interest. Leveraging these tools effectively can enhance traders' decision-making process and improve killzones interpretability.

🔶 USAGE

In forex/futures trading, timing is crucial. ICT Killzone are specific periods when there's a higher chance of finding setups of interest. Mastering these time intervals can offer significant advantages to traders who know how to use them effectively.

The image above highlights a potential setup of interest when using the ICT Killzones Toolkit.

As another example for utilizing the ICT Killzones Toolkit, we can see in the image above when price retests setups generated from killzones such as Order Blocks or Fair Value Gaps, a potential strategy could be to look for entries on those & take profits as the next killzone appears.

🔹 Order Blocks

Order Blocks are sections on a price chart where notable buying or selling activity has occured, often signaling interest zones for institutional traders. This toolkit's Order Blocks component pinpoints these areas within the Killzone, which may act as potential support or resistance levels.

🔹 Breaker Blocks

Breaker Blocks are zones built from mitigated order blocks, and highlight zones on the chart where price has previously stalled or reversed. These areas may act as significant barriers to price movement in the future, and the Breaker Blocks component helps traders identify them for potential trading opportunities.

🔹 Fair Value Gaps

Fair value gaps are especially favored by price action traders and arise from market inefficiencies or imbalances, typically when buying and selling are unequal. These gaps often attract price movement before resuming in the same direction. the Fair Value Gaps component of the toolkit helps traders identify and analyze them.

🔹 Market Structure Shifts

Market Structure Shifts refer to significant changes in the overall structure of the market, such as shifts in trend direction, volatility, or trading activity. These shifts can provide valuable insights into market sentiment and potential trading opportunities, and the Market Structure Shifts component helps traders identify and interpret them.

Overall, the ICT Killzone Toolkit combines these components to provide traders with a comprehensive framework for analyzing the markets and identifying high-probability trading setups.

🔶 SETTINGS

🔹 ICT Killzones

  • Asian, London Open, New York, and London Close: toggles the visibility of specific Killzones, allowing users to customize time periods and Killzone colors.
  • Killzone Lines : Top/Bottom, Mean and Extend Top/Bottom: toggles the visibility of the Killzone's pivot high and low lines, mean (average) line, and allows users to extend the pivot lines.
  • Killzone Labels: Toggles the visibility of the Killzone labels.
  • Display Killzones within Timeframes Up To: Toggles the visibility of the Killzones up to selected Timeframes.
  • Open Price, Separator, Label, and Color: toggles the visibility of the open price of the Killzones or for the day, week, or month. If the day, week, or month is selected, a separator will be displayed to highlight the beginning of each respective period. Additionally, users can customize the color and toggle the label as needed.

🔹 Order Blocks & Breaker Blocks

  • Order Blocks | Breaker Blocks: toggles the visibility of the order blocks & breaker blocks.
  • Swing Detection Length: lookback period used for the detection of the swing points used to create order blocks & breaker blocks.
  • Mitigation Price: allows users to select between closing price or wick of the candle.
  • Use Candle Body in Detection: allows users to use candle bodies as order block areas instead of the full candle range.
  • Remove Mitigated Order Blocks & Breaker Blocks: toggles the visibility of the mitigated order blocks & breaker blocks.
  • Extend Order Blocks & Breaker Blocks: enables processing of the order blocks & breaker blocks beyond the boundaries of the killzones.
  • Display Order Blocks & Breaker Blocks: enables the display of the first, last, or all occurrences of the order blocks & breaker blocks.
  • Order Blocks : Bullish, Bearish Color: color customization option for order blocks.
  • Breaker Blocks : Bullish, Bearish Color: color customization option for breaker blocks.
  • Show Order Blocks & Breaker Blocks Text: toggles the visibility of the order blocks & breaker blocks labels.

🔹 Market Structure Shifts

  • Market Structure Shifts: toggles the visibility of the market structure shifts.
  • Detection Length: market structure shift detection length.
  • Display Market Structure Shifts: enables the display of the first, last, or all occurrences of the market structure shifts.
  • Market Structure Shifts : Bullish, Bearish Color: color custumization option for market structure shifts.
  • Show Market Structure Shifts Text: toggles the visibility of the market structure shifts labels.

🔹 Fair Value Gaps

  • Fair Value Gaps: toggles the visibility of the fair value gaps.
  • Fair Value Gap Width Filter: filtering threshold wile detecting fair value gaps.
  • Remove Mitigated Fair Value Gaps: removes mitigated fair value gaps.
  • Extend Fair Value Gaps: enables processing of the fair value gaps beyond the boundaries of the killzones.
  • Display Fair Value Gaps: enables the display of the first, last, or all occurrences of the fair value gaps.
  • Bullish Imbalance Color: color customization option.
  • Bearish Imbalance Color: color customization option.
  • Show Fair Value Gaps Text: toggles the visibility of the fair value gaps labels.

🔶 RELATED SCRIPTS

Smart-Money-Concepts
Order-Blocks-Breaker-Blocks

Thanks to our community for recommending this script. For more conceptual scripts and related content, we welcome you to explore by visiting >>> LuxAlgo-Scripts.

ICT Killzones Toolkit [LuxAlgo] — Indicator by LuxAlgo — TradingView (2024)

FAQs

What is the ICT Killzone indicator on TradingView? ›

In forex/futures trading, timing is crucial. ICT Killzone are specific periods when there's a higher chance of finding setups of interest. Mastering these time intervals can offer significant advantages to traders who know how to use them effectively.

Does LuxAlgo work on TradingView? ›

We're LuxAlgo — the world's largest provider of technical indicators and #1 most followed profile on TradingView. With a rather odd & convoluted history, the industry of selling access to technical indicators goes back further in time than most traders & investors are aware of.

What is ICT Killzone? ›

ICT Killzones are specific time periods in the Forex market characterized by increased volatility and trading activity. These windows of opportunity, identified by the Inner Circle Trader (ICT), are based on the opening and closing times of major financial centers around the world.

How to use kill zone indicator? ›

For traders that use the London Killzone session high/low to project possible take profit targets. The indicator will determine the current day London killzone high and low range and draw a range box to the right of the last candle on the chart. Drawing to the right of the chart keeps the workspace cleaner.

What is the most powerful indicator in TradingView? ›

Below, we will explore the top 10 best Indicators used among traders.
  1. 1 - Moving Average (MA) ...
  2. 2 - Relative Strength Index (RSI) ...
  3. 3 - Moving Average Convergence Divergence (MACD) ...
  4. 4 - Bollinger Bands. ...
  5. 5 - Volume. ...
  6. 6 - Stochastic Oscillator. ...
  7. 7 - Fibonacci Retracement. ...
  8. 8 - Average True Range (ATR)
Mar 12, 2024

What is the best TradingView indicator for volatility? ›

There are several volatility-based indicators all using volatility in a clever way to help identify trading opportunities. Examples of such indicators are Average True Range (ATR), the widely popular and easy to use Bollinger Bands (BB), Donchian Channels and Keltner Channels (KC).

Is ICT a good trading strategy? ›

ICT trading strategy provides a comprehensive framework for analyzing market dynamics, identifying trading opportunities, and managing risk effectively. A better understanding of the ICT strategy can enable traders to make informed decisions and adapt to various market conditions.

What does ICT stand for in trading? ›

One of the most popular trading philosophies out there today is the ICT methodology. Short for Inner Circle Trader, and utilized by many in The Strat community, this style of trading is purely based on price action and incorporates little to no use of trend following or momentum indicators.

What is the ICT method of trading? ›

The ICT trading strategy is a technical trading method that relies on chart analysis and market trends to make trades. This strategy is based on the idea that market trends can be predicted by analyzing price action, support, and resistance levels, order blocks and identifying key areas of liquidity.

What are the indices killzones? ›

Index Kill Zones are specific Time Windows of opportunity during the Session for Indices that have the potential for the highest volatility and where looking for trading opportunities is ideal. The Index Kill Zone Indicator is specifically designed for the SP500, NQ100, and DJ30, Markets.

What are kill zones in trading? ›

A Kill Zone in trading refers to specific times in the forex market when price volume and volatility are significantly higher than usual, offering key opportunities for currency trades.

What time is the KillZone in UTC? ›

Session Time

Similarly, the beginning of the "London KillZone," according to the "UTC" time zone, is at 07:00, and it ends at 09:55. The beginning of the "New York am" session, according to the "UTC" time zone, is at 14:30, and it ends at 19:25.

What is ICT indicator? ›

ICT Development IndexE-Government Readiness Index (EGDI)Networked Readiness Index (NRI)Global Competitiveness Index (GCI) The main purpose of the core list is to help countries produce high quality and internationally comparable data on information and communication technology.

What is an ICT silver bullet? ›

As an intraday trading strategy, the Silver Bullet targets quick, short-term trades within specific one-hour windows. The trades are typically intended to be closed by the end of the trading day, capitalising on rapid movements towards and away from liquidity points.

What is the time zone indicator in TradingView? ›

The Time Zone PS Indicator is a tool designed to help traders visualize different trading sessions on their charts. It allows users to specify three different trading sessions: the start of the day, the London session, and the New York (NYC) session.

Top Articles
Latest Posts
Recommended Articles
Article information

Author: Patricia Veum II

Last Updated:

Views: 5633

Rating: 4.3 / 5 (44 voted)

Reviews: 91% of readers found this page helpful

Author information

Name: Patricia Veum II

Birthday: 1994-12-16

Address: 2064 Little Summit, Goldieton, MS 97651-0862

Phone: +6873952696715

Job: Principal Officer

Hobby: Rafting, Cabaret, Candle making, Jigsaw puzzles, Inline skating, Magic, Graffiti

Introduction: My name is Patricia Veum II, I am a vast, combative, smiling, famous, inexpensive, zealous, sparkling person who loves writing and wants to share my knowledge and understanding with you.