OPEN-SOURCE SCRIPT

ICT 369 Sniper MSS Indicator (HTF Bias) - H2L

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This script is an ICT (Inner Circle Trader) concept-based trading indicator designed to identify high-probability reversal or continuation setups, primarily focusing on intraday trading using a Higher Timeframe (HTF) directional bias.

Here are the four core components of the indicator:

Higher Timeframe (HTF) Bias Filter (Market Structure Shift - MSS): It determines the overall trend by checking if the current price has broken the most recent high or low swing point of a larger timeframe (e.g., 4H). This establishes a Bullish or Bearish bias, ensuring trades align with the dominant trend.

Fair Value Gap (FVG) and OTE: It identifies price imbalances (FVGs) and calculates the Optimal Trade Entry (OTE) levels (50%, 62%, 70.5%, etc.) within those gaps, looking for price to retrace into these specific areas.

Kill Zones (Timing): It incorporates specific time windows (London and New York Kill Zones, based on NY Time) where institutional trading activity is high, only allowing entry signals during these defined periods.

Signal and Targets: It triggers a Long or Short signal when all criteria are met (HTF Bias, FVG, OTE retracement, and Kill Zone timing). It then calculates and plots suggested trade levels, including a Stop Loss (SL) and three Take Profit targets (TP1, TP2, and a dynamic Runner Target based on the weekly Average True Range or ATR).

In summary, it's a comprehensive tool for traders following ICT principles, automating the confluence check across trend, structure, liquidity, and timing.







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