This script is an anchored variation of my "ICT IPDA Look Back" script. Similarly, it calculates ICT's daily IPDA look back time intervals and their respective discount / equilibrium / premium; however, it also applies the Forward Cast IPDA daily ranges.
The Forward Cast can be used to estimate the time at which IPDA might initiate a change in institutional order flow. This depends on several factors such as time of the year, and time of daily structure break.
> IPDA Basics:
Thanks to @atradesdaily for the suggestion.
The Forward Cast can be used to estimate the time at which IPDA might initiate a change in institutional order flow. This depends on several factors such as time of the year, and time of daily structure break.
> IPDA Basics:
- IPDA stands for Interbank Price Delivery Algorithm. Said algorithm appears to be referencing the past 20, 40 , and 60 days intervals as points of reference to define ranges and related PD arrays.
- Intraday traders can find most value in the 20 Day Look Back box, by observing imbalances and points of interest.
- Longer term traders can reference the 40 and 60 Day Look Back boxes for a clear indication of current market conditions.
Thanks to @atradesdaily for the suggestion.
Nota Keluaran:
- Added color customization for the Forward Cast, minor bug fixes.
Nota Keluaran:
Cosmetics: Added a Line for Equilibrium instead of using the boxes for better visualization and customization; removed border of Cast Forward.
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