ICT’s market maker models describe price running liquidity, shifting structure, then delivering. The mmxm ict indicator access indicator tracks the two latest swing highs and lows and marks three events from that story: a break of structure, a change of character, and a sweep of equal highs or lows. It also dots the order block behind each mark.
This build ships as a compiled .ex4 for MT4 and .ex5 for MT5; the screenshots below come from EURUSD H1.
| Platforms | MT4 (.ex4) + MT5 (.ex5) |
|---|---|
| Chart window | Main price chart |
| Plots | 4: MMXM Buy, MMXM Sell, Bullish OB, Bearish OB |
| Alerts | popup, push notification, email, sound |
| Inputs | 12 |
Colours, widths and shapes
Two signal marks and two block dots on price.
`MMXM Buy` prints lime at width 2 with arrow 233.
`MMXM Sell` prints red at width 2 with arrow 234.
`Bullish OB` dots dodger blue under the block.
`Bearish OB` dots orange over the block.
No boxes or lines are drawn.
- MMXM Buy: arrow, lime, width 2, arrow code 233
- MMXM Sell: arrow, red, width 2, arrow code 234
- Bullish OB: arrow, dodger blue, width 1, arrow code 159
- Bearish OB: arrow, orange, width 1, arrow code 159
The recipe
Structure
`PivotStrength` `3` bars on each side confirm a swing inside `StructureLookback` `50` bars. Higher highs with higher lows mean up-trend.
Events
A close through the latest swing high is a break of structure; in a down-trend it is a change of character. A wick through equal lows that closes back above is a sweep.
Equal levels
`LiquidityTolerance` `5` points decides when two swing lows count as equal. `OrderBlockDepth` `30` bars are searched for the block behind a mark.
How to interpret it
A lime mark means structure or liquidity favours buyers.
A red mark means the opposite.
Dots show the candle the move started from.
Marks never stack on neighbouring bars.
`ShowLiquiditySweeps` adds the sweep events.
Warm-up needs about fifty-five bars.
Alert channels in this build: popup, push notification, email and sound, one message per closed bar.
Structure events report once per closed bar through `EnableAlerts`, with the popup the only route active out of the box.
Every MMXM ICT Indicator access Indicator input
Core settings
| Setting | What it does | Default |
|---|---|---|
StructureLookback |
window used to look for swing pivots. Bars searched for swings, `50`. | 50 |
PivotStrength |
bars left/right that must be lower(higher) than pivot. Bars on each side of a swing, `3`. | 3 |
LiquidityTolerance |
equal-high / equal-low tolerance, in points. Equal-level tolerance in points, `5`. | 5 |
OrderBlockDepth |
bars back to scan for the most recent order block. Bars searched for the block, `30`. | 30 |
Display settings
| Setting | What it does | Default |
|---|---|---|
ShowOrderBlocks |
Dot the order block, `true`. | on |
ShowLiquiditySweeps |
Mark equal-level sweeps, `true`. | on |
Alert settings
| Setting | What it does | Default |
|---|---|---|
EnableAlerts |
Master alert switch, `true`. | on |
EnablePopup |
Popup, `true`. | on |
EnablePushNotify |
Mobile route, `false`. | off |
EnableEmail |
(see inputs panel) | off |
EnableSound |
Speaker, `false`. | off |
SoundFile |
(see inputs panel) | alert.wav |
Best home for this one
Structure events happen on every chart, but ICT traders read them on H1 and below. EURUSD H1 is the reference chart. On M15 the marks track intraday shifts. On H4 they mark the larger swings.
Where the method fails
One mark covers three different events.
Five points is tight for equal levels on volatile pairs.
The full MMXM model has phases this tool does not track.
Messages go out as popups only at first.
Copy the compiled MMXM ICT Indicator access Indicator file into your MQL4/Indicators folder, and the MT5 build into MQL5/Indicators, then restart the terminal and drag it onto a chart. The step-by-step guide with screenshots is at how to install MT4 and MT5 indicators.
Related on forexmt4systems.com: ICT Style Strategy.
Download the MMXM ICT Indicator access Indicator for MT4 and MT5
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FAQ
Which three events can trigger an MMXM Buy?
A close above the latest swing high, the same break during a down-trend, which ICT calls a change of character, or a wick through equal lows that closes back above them.
What does LiquidityTolerance 5 count as equal?
Two swing lows, or highs, within five points of each other. Stops tend to gather under such double bottoms, which is why a sweep of them matters.
What are the Bullish OB dots?
They mark the last bearish candle within thirty bars before a buy mark. That candle is the order block the move started from, in ICT terms.
Does the MMXM Buy logic cover every model phase?
No. It marks the structure and liquidity events the model is built on, but it does not label the accumulation, manipulation or distribution phases themselves. Read those from the chart.
Are results guaranteed?
No. Trading involves risk. Results are not guaranteed; past performance is not indicative of future results. Use the MMXM ICT Indicator access Indicator as one input. Always backtest before trading live.
Category: this is part of our Smart Money collection. Browse more Smart Money for MetaTrader, or explore every MT4 indicator and MT5 indicator on the site.
External references
- Learn more about the underlying method in Over-the-counter (finance) on Wikipedia.
- For wider market background, see John Murphys 10 Laws Of Technical Trading at StockCharts ChartSchool.
About the author
Written by Dominic Walsh, a Forex trader and MT4/MT5 indicator, Expert Advisor and script developer. Every tool on forexmt4systems.com is tested on live charts before release and ships with ready-to-use compiled MT4 (.ex4) and MT5 (.ex5) files. Learn more about the trader and developer behind this site.
How we build, test and correct every tool: Editorial & Testing Policy. Trading carries risk; see the disclaimer.