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