This indicator is specifically designed for advanced traders and is compatible with the following platforms and markets:
- Platforms: TradingView
- Trading Instruments: Forex, Cryptocurrency, Stocks, and Forwards
It is a multi-timeframe reversal indicator primarily used for day trading.
You can access the Indicator from this link:
https://tradingfinder.com/products/i...shot-one-kill/
You can access the Indicator on the TradingView website:
https://www.tradingview.com/script/f...MMXM-CISD-OTE/
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Overview of the One Shot One Kill ICT Indicator
This indicator is built around the "One Shot One Kill" strategy. Its primary function is to identify and capitalize on liquidity grabs—where a market moves to absorb liquidity from key areas. It automatically identifies crucial market zones, such as the previous day’s highs and lows, to analyze liquidity and predict future price action.
After a liquidity grab and the subsequent break of the CISD level, the indicator recognizes a market structure shift and automatically plots Fibonacci retracement levels. At this point, traders can look for entry points when the price retraces to specific Fibonacci levels, such as the 0.618 level.
The Uptrend Scenario
In an uptrend, the One Shot One Kill pattern begins with the price moving toward the previous day's low. This movement often traps retail traders who have short positions in these zones. Once liquidity is absorbed, the market reverses, initiating an upward movement.
The break of the CISD level confirms this market structure shift toward an uptrend. The indicator then uses Fibonacci tools to draw retracement levels from the lowest to the highest point of the move. An ideal condition for entering a buy trade is when the price retraces to the 0.5 Fibonacci level.
The Downtrend Scenario
Conversely, in a downtrend, the price initially moves toward the previous day's high to absorb liquidity. After this collection, the market reverses and begins a downward trend.
The break of the CISD level confirms the market structure shift toward a downtrend. Following this confirmation, the indicator automatically draws Fibonacci retracement levels from the highest point to the lowest point of the move. Traders can then enter a sell trade once the price retraces to a valid Fibonacci level, such as the 0.5 level. The potential targets for these trades could be the previous day's low or other key liquidity zones.
Indicator Settings and Configuration
The One Shot One Kill ICT Indicator offers various logical and display settings to customize its functionality.
- CISD Logical Settings:
- Bar Back Check: Analyzes previous candles for CISD level validation.
- CISD Level Validity: Defines the validity period for identified levels.
- Liquidity Logical Settings:
- Swing Period: Adjusts the period for market swing analysis.
- Max Swing Back Method: Defines the method for the maximum swing-back.
- CISD Display Settings:
- Show All CISD: Displays all identified CISD levels.
- Show High CISD: Highlights higher CISD levels.
- Show Low CISD: Highlights lower CISD levels.
- Liquidity Display Settings:
- Show All Liquidity: Displays all liquidity levels.
- Show High Liquidity: Highlights high liquidity zones.
- Show Low Liquidity: Highlights low liquidity zones.
Conclusion
The One Shot One Kill ICT Indicator is a powerful tool designed for advanced traders using TradingView. By integrating key concepts such as liquidity grabs, CISD levels, and Fibonacci retracements, it provides a systematic approach to analyzing market movements. The indicator's ability to identify the previous day's highs and lows, combined with its automated Fibonacci plotting, helps pinpoint optimal entry and exit points. Furthermore, the confirmation of a market structure shift through a broken CISD level is a critical component of this strategy.