ICT Liquidity Levels Honest Stats MT5

Most liquidity indicators draw the lines. This one also checks whether price respects them.

ICT Liquidity Levels Honest Stats draws the levels ICT traders watch: previous day high and low, previous week high and low, and the Asian range high and low. A table measures on your own chart how often price reached each level and how often it turned back there, next to random lines nearby. Free, part of the Honest Stats series.

MT4 version | ICT Killzones Honest Stats (free) | ICT FVG Honest Stats (free) | ICT SMT Divergence Honest Stats (free) | TrueRisk Trade Panel (free) | TrueRisk Account Guard (daily loss limit)

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What it draws

  • Previous day high and low (PDH, PDL): solid lines across the next day. Days follow your broker's daily candles
  • Previous week high and low (PWH, PWL): dashed lines across the next week
  • Asian range high and low: dotted lines from the end of the Asian session (20:00 to 00:00 New York time, editable) until 16:00 New York time, while London and New York trade against it
  • Today's lines are labelled at the right edge of the chart

The honest stats table

For every level on the loaded history:

  • Reached: how often price got to the level during the next day (PDH, PDL), the next week (PWH, PWL) or by 16:00 New York time (Asian range)
  • Turned back: when price first got there, did it move half an average day's range back before it went half a range through the level? Cases still open at the end are left out
  • Random line: the same test on five lines per level, each moved 0.2 to 0.5 day ranges away. These lines mean nothing
  • Difference: real minus random, in percentage points. Green = the level turned price more often than luck can explain (95% range), orange = less often

The line under the table counts how many of the six levels beat the random lines.

Why the random lines matter

Price turns back at any line fairly often, simply because it moves up and down: about 45% to 50% of the time on our charts. A level only matters if it beats lines that mean nothing.

What we found

  • Gold, 1 hour, October 2011 to October 2026 (3,878 days): 0 of 6 levels turned price more often than random lines. The previous week high did worse: 41% against 47%
  • EURUSD, 15 minutes, November 2022 to October 2026 (1,009 days): 0 of 6
  • Our research tests on 18 years of gold and 8 years of Bitcoin found no day level, week level or swing high/low that beat random lines; the week levels did worse on both

The levels are still good reference points: price reached the Asian range high or low on about 3 days out of 4 on gold and 4 out of 5 on EURUSD. It just didn't turn there more often than anywhere else.

Broker time zone

The Asian range uses New York time. Most brokers run their server clock at New York + 7 hours all year (New York 17:00 = server midnight). In Auto mode the indicator reads your broker's clock; if your broker uses a different setup, choose Manual and enter the difference in hours. The table shows which setting is in use.

How to use it

  • Works on charts of 1 hour or lower
  • More history on the chart gives more reliable numbers (Tools > Options > Charts > Max bars in chart)
  • Change the symbol or timeframe and the stats recalculate
  • Hover over a line to see its name

Limitations

  • The stats only cover the history loaded on the chart
  • The test uses bar highs and lows. Inside one bar the order of moves is unknown, so a bar that both turns and breaks is left out
  • Past behaviour does not guarantee future behaviour. This is a measuring tool, not a trading signal

Inputs

  • Draw levels for the last N days: default 5
  • Colours of the day, week and Asian range levels; show level names
  • Asian range, New York time: default 20:00-00:00
  • Time zone: Auto or Manual; Manual: server time minus New York time, hours (default 7)
  • Turn or break distance, in average day ranges: default 0.5
  • Days to decide turned back or broke through: default 2
  • Show the honest stats table, table corner, font size

Support: if something doesn't work as expected, send me a private message first. I answer every message and fix problems quickly.

If it helped you, a short review in the Reviews tab helps other traders find it and tells me what to improve.

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