Definition
ICT Asian range is an MT4 indicator that identifies the price range during the Asian session. Retail forex traders use this information for inner circle trader strategy.
ICT means inner circle trader strategy. The well-known strategy among retail traders is based on a complete understanding of different price sessions in trading.
In this article, you’ll learn to trade using ICT Asian range indicator, and at the end of the article, you’ll be able to download the indicator for free.
What’s the purpose and working of the ICT Asian range indicator?
It’s the fact that during the Asian session in forex trading, there’s primarily low trading activity compared to London and Tokyo. The inner circle trader strategy uses this range to identify the trend in the London session. Because price mainly forms a big trend during the London session.
During the Asian session, this ict Asian range indicator will draw a horizontal line that acts as the range’s boundary. After closing the Asian session and opening the London session, price breaks this horizontal line or boundary of the range. This breakout confirms the future direction of price.
If the price breaks the range in a bullish direction, then a bullish trend will form in the London session. While if the price breaks the range in a bearish direction, then a bearish trend will develop in the London session.
Buy and Sell signals
Open a buy trade
When the price breaks the upper boundary of the Asian price range, open a buy order and trade the trend in the London session.
Open a sell trade
When the price breaks the lower boundary of the Asian range, then open a sell order to trade the bearish trend in the London session.
Conclusion
It’s necessary to take the help of indicators to save time and tackle the trading strategy. I will not say to depend on trading indicators in trading. But a semi-manual trading system like this will make big profits.
That’s why I always recommend using both indicators and manual price analysis to increase the winning ratio of a specific trading system.
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