Propulsion Block V2 Indicator ICT MT5
- Indicateurs
- Eda Kaya
- Version: 1.11
Propulsion Block V2 Indicator ICT MT5
The Propulsion Block V2 Indicator ICT MT5 is built upon the ICT trading methodology, allowing traders to identify key Propulsion Blocks that are often overlooked.
This tool highlights these blocks using arrow markers on the price chart, marking areas where institutional investors and large market players establish or reinforce their positions. Due to the significance of these zones, experienced traders leverage them for strategic trade entries.
«Indicator Installation & User Guide»
MT5 Indicator Installation | Propulsion Block V2 Indicator ICT MT4 | ALL Products By TradingFinderLab | Best MT5 Indicator: Refined Order Block Indicator for MT5 | Best MT5 Utility: Trade Assistant Expert TF MT5 | TP & SL Tool: Risk Reward Ratio Calculator RRR MT5 | Money Management: Easy Trade Manager MT5 | Trade Copier: Free Fast Local Trade Copier MT5
Indicator Specifications Table
Category | ICT - Smart Money - Liquidity |
Platform | MetaTrader 5 |
Skill Level | Professional |
Indicator Type | Continuation - Reversal |
Timeframe | Multi-timeframe |
Trading Style | Scalping - Intraday Trading - Swing |
Market | All Markets |
Indicator at a Glance
This tool utilizes two parallel yellow lines to highlight areas where a price candle interacts with an FVG (Fair Value Gap). A Propulsion Block is created when the price strongly moves away from this marked region and subsequently returns to it, confirming its validity.
Formation of a Propulsion Block in an Uptrend
In the AUD/USD currency pair’s 30-minute timeframe, a bullish Propulsion Block is identified when the price breaks upward through the yellow parallel lines before retracing back to this level. Upon confirming the block formation, the indicator marks it with a green arrow, signaling a potential buy opportunity.
Formation of a Propulsion Block in a Downtrend
A bearish Propulsion Block appears when the price moves downward through the yellow parallel lines and later retests the area. This can be observed in the Binance Coin (BNB) 1-hour chart, where the indicator highlights such formations using a red arrow, signaling potential selling opportunities.
Indicator Settings
- Color Theme of Chart and Object: Adjusts indicator theme settings.
- Show signals when the important level is OB: Marks the yellow region based on a significant Order Block.
- Show signals when the important level is FVG: Defines the yellow area according to the Fair Value Gap (FVG).
Conclusion
The Propulsion Block V2 Indicator ICT MT5 is a robust tool derived from ICT trading principles. As the second version of this indicator on the MetaTrader 5 platform, it introduces arrow markers for easier identification of key trading zones. This tool is highly compatible with liquidity-driven trading strategies such as ICT and Smart Money Concepts, making it an essential addition to traders' analytical frameworks.