OPEN-SOURCE SCRIPT
ICT IPDA Look Back
Updated
This script automatically calculates and updates ICT's daily IPDA look back time intervals and their respective discount / equilibrium / premium, so you don't have to :)
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.
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.
Release Notes
v0.0 - Chart update.Release Notes
v0.1 - Added different ways of displaying the location of price inside the IPDA ranges:> 'Boxes' shows the proper IPDA ranges, plotting boxes on the chart;
> 'Table A' shows whether price is in Discount of Premium for each of the IPDA ranges;
> 'Table B' shows the distance from Equilibrium in percentage or each of the IPDA ranges.
Release Notes
v0.2 - 'Table B' shows the location of price in percentage for each of the IPDA ranges, where 0% is deep Discount and 100% is high Premium.Release Notes
- Bug Fix: boxes were displaying on lower timeframes. Restricted to 1D chart.Release Notes
Bug Fix: IPDA Low and High was not checking the 20th, 40th and 60th candle.Cosmetics: Added a Line for Equilibrium instead of using the boxes for better visualization and customization.
Release Notes
Major Features Added: – Plot Daily IPDA Data Ranges on any LTF
– Plot LTF IPDA Data Ranges (last 20, 40, 60 LTF candles)
Release Notes
Bug Fix: resolved all issues with boxes plots from previous update!Release Notes
Bug Fix: now plotting from previous day.Release Notes
Fixed Bar CountRelease Notes
Added AlertsOpen-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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