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ICT Unicorn Model for MT4

The ICT Unicorn Model indicator highlights the presence of "unicorn" patterns on the user's chart which is derived from the lectures of "The Inner Circle Trader" (ICT).

Detected patterns are followed by targets with a distance controlled by the user.

🔶 USAGE (image 2)

At its core, the ICT Unicorn Model relies on two popular concepts, Fair Value Gaps and Breaker Blocks. This combination highlights a future area of support/resistance.

A Bullish Unicorn Pattern consists out of:

  • A Lower Low (LL), followed by a Higher High (HH)
  • A Fair Value Gap (FVG), overlapping the established Breaker Block
  • A successful re-test of the FVG which confirms the pattern.
A Bearish Unicorn Pattern consists of:

  • A Higher High (HH), followed by a Lower Low (LL)
  • A Fair Value Gap (FVG), overlapping the established Breaker Block
  • A successful re-test of the FVG which confirms the pattern

The pattern detection depends on detected swings, which can be controlled by the Swing setting. Using higher values of this setting will return longer-term breaker blocks.

🔶 SETTINGS

🔹 Unicorn
  • Swings: This sets the length of swings, used for the underlying ZigZag and Unicorn Patterns detection.
  • Mult ATR for FVG height: FVG is considered valid when its height is greater than the ATR multiplied by this value. Default is 0.05.
  • Bull: Enable/disable Bullish patterns, and set the color of FVG box.
  • Bear: Enable/disable Bearish patterns, and set the color of FVG box.
  • Draw structure: This option allow mark pivot point inside model as a,b,c,d: With bullish model,  c is LL and d is HH; With bearish model, c is HH and d is LL


🔹 Signal

  • Entry at: Choose how entry include:
    1. CE of BRK: 50% of breaker block
    2. Edge of BRK: entry at top of breaker block with bullish model and vice versal
    3. CE of FVG: 50% of fair value gap
    4. Edge of FVG: entry at top of fair value gap with bullish model and vice versal
  • Rish/Reward and its color settings.
  • Limit order timelife (in bar): set how many bar that risk and reward box keep drawing


🔹 Session settings

  • Only model that break previous session: When true, we just care about bullish model have C lower than low of previous session and vice versal. For example, we wait until close asian and just care about bullish model that break lowest of Asian.
  • Other settings include: Timezone, sessions time and color


🔹 Swing Structure settings

  • Only model that break previous swing structure: When true, we just care about bullish model have C lower than previous swing low and vice versal. 
  • Length of swing: include left-hand and right-hand length.

🔶 ALERTs

  1. When unicorn model detected
  2. When model was invalided by time (Depend on  Limit order timelife setting)
  3. When buy/sell signal (price cross entry)

You can setup notification with alert, email, MT5 mobile app or telegram.

🔶 BUFFER

For easy to create EA base on this indicator, we add buffer as following:

0: buff_buy_entry

1: buff_buy_stoploss

2: buff_buy_take profit

//---

3: buff_sell_ent

4: buff_sell_sl

5: buff_sell_tp

Default value =0. When have unicorn signal, the candle will have buffer value as price.


Frequently Asked Questions

Why nothing show on chart when i load inidicator?

https://www.youtube.com/watch?v=hW-KHHvUCWI

How i build signal scan system with this indicator?

https://youtu.be/VlaQJvTQVAw
























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An Implied Fair Value Gap (IFVG) is a three candles imbalance formation conceptualized by ICT that is based on detecting a larger candle body & then measuring the average between the two adjacent candle shadows. This indicator automatically detects this imbalance formation on your charts and can be extended by a user set number of bars. The IFVG average can also be extended until a new respective IFVG is detected, serving as a support/resistance line. Alerts for the detection of bull
Consolidation is when price is moving inside a clear trading range. When prices are consolidated it shows the market maker placing orders on both sides of the market. This is mainly due to manipulate the un informed money. This indicator automatically identifies consolidation zones and plots them on the chart. The method of determining consolidation zones is based on pivot points and ATR, ensuring precise identification. The indicator also sends alert notifications to users when a new consolida
Created by imjesstwoone and mickey1984, this trade model attempts to capture the expansion from the 10:00-14:00 EST 4h candle using just 3 simple steps. All of the information presented in this description has been outlined by its creators, all I did was translate it to MQL4. All core settings of the trade model may be edited so that users can test several variations, however this description will cover its default, intended behavior using NQ 5m as an example. Step 1 is to identify our Price Ra
The   Liquidation Estimates (Real-Time)   experimental indicator attempts to highlight real-time long and short liquidations on all timeframes. Here with liquidations, we refer to the process of forcibly closing a trader's position in the market. By analyzing liquidation data, traders can gauge market sentiment, identify potential support and resistance levels, identify potential trend reversals, and make informed decisions about entry and exit points. USAGE (Img 1)    Liquidation ref
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Versão 1.6 2024.07.06
Fix typo
Versão 1.5 2024.07.01
Add backtest panel
Add FVG valid option:
+ FVG have to overlap with BRK
+ or Closet FVG
Add adjut by point for: (+ show greed, - show fear)
+ Entry
+ SL
+ TP
+++ For example: set Ajust entry = 1, adjust sl=2, adjust tp=4. If market with buy entry at 1.0007, st at 1.0000, tp at 1.0010
+++ THEN real
entry is 1.0007-1=1.0006
sl is 1.0000 +2=1.0002
tp is 1.0010 +4 =1.0014
Versão 1.4 2024.02.16
add buffer for historical candle
Versão 1.3 2024.02.15
Add buffer as following:

0: buff_buy_entry
1: buff_buy_stoploss
2: buff_buy_take profit
//---
3: buff_sell_ent
4: buff_sell_sl
5: buff_sell_tp

Default value =0. When have unicorn signal, the candle will have buffer value as price.