Judas Swing with Confirmation Indices ICT MT4
- Indicators
- Eda Kaya
- Version: 1.11
Judas Swing with Confirmation Indices ICT MT4
The Judas Indicator with Confirmation is specifically designed to detect deceptive price movements on the chart. This tool helps traders recognize the true market trend by filtering out fake breakouts, reducing the risk of falling for false signals. By confirming the primary trend within a 1-minute timeframe, it minimizes the chances of traders making incorrect decisions.
«Indicator Installation & User Guide»
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Indicator Specifications
Category | ICT - Liquidity - Price Action |
Platform | MetaTrader 4 |
Skill Level | Intermediate |
Indicator Type | Continuation - Reversal - Breakout |
Timeframe | 1 Minute |
Trading Style | Scalping - Day Trading - Fast Scalping |
Trading Market | Forex - Commodities - Cryptocurrencies |
Overview of the Indicator
The Judas Indicator visually represents dominant trends in yellow and minor ones in gray. It initially highlights the most recent high and low within a 15-minute range using horizontal red lines. Within this range, it analyzes Liquidity Grab, detecting false price movements. Whenever an invalid price entry occurs within this range, a red or green arrow is placed on the 1-minute timeframe to indicate the fakeout.
Judas Indicator with Confirmation in an Uptrend
As seen in the XAU/USD (gold-to-USD) 1-minute chart, a red arrow signifies a false price breakout. This suggests that the price movement is misleading, and a trader should avoid short positions. As per the ICT methodology, this scenario often precedes an uptrend.
Judas Indicator with Confirmation in a Downtrend
Looking at the BTC/USD (Bitcoin-to-USD) 1-minute chart, a fake bullish breakout is identified. Traders may mistakenly interpret this as a legitimate breakout. Although this indicator provides selective confirmations, it is valuable in preventing unnecessary losses by identifying misleading movements.
Indicator Settings
- Theme: Adjust the indicator theme.
- New York Start Time: Set to 09:30.
- New York End Time: Set to 09:45.
- Server Time Offset: The time gap between server time and trading system time is set to 7200 seconds.
Conclusion
The Judas Indicator with Confirmation (Judas ICT Indices) is a crucial tool for traders seeking to avoid losses due to fake price breakouts. It is particularly effective in detecting false breakouts during New York trading hours, initially marking the 15-minute high and low. When the price falsely enters this range, the indicator marks it with an arrow, signaling its inauthenticity.
Since confirmations are only available on the 1-minute timeframe, this indicator is best suited for scalpers and traders looking for high-frequency trading opportunities.