ICT An MT4 forex indicator called Asian range shows the price range during the Asian trading session. Forex inner circle trader strategy is used by retail forex traders.
Inner Circle Trading is referred to as ICT. Understanding multiple market price sessions in trading is the foundation of the popular forex strategy used by retail forex traders.
You’ll learn how to trade simply utilizing the ICT Asian range forex indicator in this post, and you’ll be able to download the indicator for free at the end.
It has to do with the fact that, in comparison to the London and Tokyo sessions, trading activity is predominantly low during the Asian market session for FX. This range is used by the inner circle trader forex technique to determine the chart trend during the London session. because the London market session is when market pricing tends to establish large trends.
This ict Asian range forex indicator will mark a horizontal line that serves as the range’s border throughout the Asian trading session. The price violates this horizontal line or range boundary after the Asian market closes and the London session begins. The future direction of the market price is confirmed by this breakout.
In the London market session, a positive market trend will develop if the price breaks the range in a bullish fashion. A bearish chart trend will emerge in the London session if the price breaks the range in a bearish manner.
Buy and Sell signals
Open a buy entry
order and trade the trend in the London market session when the chart price crosses the upper threshold of the Asian market price range.
Launch a sell order.
Open a sell entry order to trade the bearish chart trend in the London market session when the chart price breaches the lower limit of the Asian market range.
Conclusion
To save time and use the forex trading strategy, it is vital to use forex indicators. We won’t advise trading forex indicators exclusively. But a strategy like this that is semi-manual in forex trading will generate good returns.
Because of this, we always advise employing both manual chart price analysis and forex indicators to improve a trading strategy’s overall winning percentage.