ICT Killzones Toolkit [LuxAlgo]

29 févr.

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.