ICT MACROS [cognyto]

The MACRO indicator is a valuable tool for traders who want to develop consistency and believe that major macroeconomic events occur at certain times of the day that can affect the market. By showing macro times in advance, allowing alerts to be triggered, and showing previous macros that have occurred, the MACRO indicator provides traders with the information they need to make more informed trading decisions that can be used in conjunction with their own strategies.

What is a MACRO?

A MACRO is a concept introduced by Micheal Huddleston, known as ICT, the -Inner Circle Trader- and he is the one to thank for. It represents some short periods of time during the day that can be used as an advantage for trading due to major economic events, or when the price reaches a certain level of relevance. The indicator is a tool that visually highlights these important periods in advance.

Some of the features of the MACRO indicator are:

• The indicator highlights IN ADVANCE the relevant segments of time during the day, known as MACROS. It allows the trader to monitor the price precisely at these times and potentially identify trading opportunities according to his own strategies. All Macro times in the indicator can be modified, enabled or disabled. It is likely that not all MACROS will be relevant to all instruments, so it is recommended that only those relevant to the trader's instrument or market preferences are enabled, disabled or the times adjusted. The News checkbox helps traders to visualise, in a different color, those macros where news are expected to be published and may cause unpredictable high volatility, so it is advisable to have high precautions or as suggested by ICT: "DO NOT TRADE DURING THOSE TIMES OR DAYS !!! " Please note that this feature is optional to be used but certainly has to be updated on a daily basis, since not all days occur the same news events.
  
  
• In addition to this, it also allows the trader to set the number of minutes that alerts are to be triggered before the start of the next MACRO. This feature allows traders to review, analyse and trade ONLY during MACRO times and prevent them from constantly monitoring the screen. This feature can be of great value to those who need the discipline to gain consistency and only trade when the time is relevant. Please note that the alerts are not triggered by the indicator, this can only be done through TradingView. The checkbox only indicates that the trader wishes to receive alerts of those MACRO times that are enabled. Therefore, it is HIGHLY SUGGESTED to set the alerts in TradingView to the 1 minute timeframe in order to have the required precision for alarming.
  
  
• Finally, the MACRO indicator also displays previous macros that have occurred in the last few days and with severe settings that allow the trader to precisely implement different strategies. This feature allows traders to back test and analyse the relevance of past macros. By understanding how the market has reacted to similar events in the past, traders can make more informed decisions about how to trade current and future events.
  
  

Remember that your cognitive balance is essential and this indicator aims to help you manage your TIME and reduce anxiety by sticking to your rules.

This indicator is for informational purposes only and you should not rely on any information it provides as legal, tax, investment, financial or other advice. Nothing provided by this indicator constitutes a solicitation, recommendation, endorsement or offer by cognyto or any third party service provider to buy or sell any securities or other financial instruments in this or any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.

ملاحظات الأخبار:

Bug fixing 1st day of the month not drawing macros correctly

ملاحظات الأخبار:

• Labels and settings adjusted to be dynamically configured
  
• Performance improvements
  

ملاحظات الأخبار:

This release includes:

• Displays now unlimited amount of previous macros and zones
  
• Macros now have the ability to possess individual names, which will be visible on the screen and announced in the alarms
  
• Macros can now be customized with their own color
  

The indicator can certainly also be used for illustrating kill zones.

ملاحظات الأخبار:

• Bug Fixing
  

ملاحظات الأخبار:

V. 1.2.52

• True Opening Times
  
  The indicator now incorporates True Opening Times, as proposed by Daye in his Quarterly Theory. It's fully customizable and takes into account the following time frames and zones:
  
  
• Yearly
  
• Monthly
  
• Weekly
  
• Daily
  
• London
  
• New York AM
  
• New York PM
  
  These levels represent significant prices that the market follows, making them important to consider when operating MACROS.
  
  Please note that London, New York AM, and New York PM are only visible in timeframes below than one hour.
  
  
• Bug Fixing