The video shows how to set up the TDL day lines indicator to ensure it works with ICT Concepts. The process involves adjusting the settings to ensure the charts are set to New York time and using a 23.55 open input to ensure a clean day separator.
How to Use the TDL Indicator for ICT Trading
If you’ve been following ICT (Inner Circle Trader) on YouTube, you know how important it is to separate trading days based on a midnight New York time instead of the 5 PM candle close. In this article, we’ll show you the only indicator you need for this purpose – the TDL (Through Day Lines) indicator. We’ll also guide you through how to set it up perfectly for use with ICT trading concepts.
Setting up Your Charts for New York Time
To start, you need to ensure that your charts are set to New York time. This ensures you won’t have to worry about daylight savings or other time adjustments. In TradingView, go to the chart settings and select New York time.
Adding the TDL Indicator
Once your charts are set to New York time, you can add the TDL indicator. Simply click on the indicators tab, search for TDL, and add it to your chart.
Adjusting the TDL Indicator Settings
Upon adding the TDL indicator, you’ll notice that the day separator line starts and ends at an odd time. To fix this, click on the settings button, and select the gray color scheme for a cleaner look. In the inputs section, change the “Close” value to “Open,” and enter “23.55” in the “Day Start Time” field. This ensures the line starts at 22:55 and ends at midnight.
Using the TDL Indicator for Every Time Frame
One benefit of using the TDL indicator is that it creates a clean day separator regardless of the time frame you’re using. You’ll be able to see the day separator even on shorter time frames like 15 minutes or less than an hour.
Final Thoughts
In summary, adding the TDL indicator to your trading charts is a simple way to ensure that you correctly separate trading days based on the midnight New York time, as advocated by Inner Circle Trader. The TDL indicator creates a clean and visible line that you can use across different time frames. With these easy steps, you can optimize your chart for accurate and reliable ICT trading concepts.