WickCheck / Trading school / IPDA
IPDAInterbank Price Delivery AlgorithmAdvanced
ICT's name for the idea that price is delivered between ranges of the last 20, 40 and 60 trading days.
What it means
The 20, 40 and 60-day highs and lows become key liquidity and premium/discount references. You can test the basic idea with N-day high and low rules.
How to spot it
- Mark the highs and lows of the last 20, 40 and 60 days.
Common mistakes
- Treating the theory as proven rather than something to test.
Related terms
Dealing rangeThe range between a clear swing high and swing low that price is currently tradi…Draw on liquidityThe pool of liquidity price is most likely heading toward next, such as old high…Premium and discountThe upper half of a price range is premium (expensive), the lower half is discou…
Why most strategies need a human behind the screen
Read the lessonWhat a mechanical test can and cannot tell you about smart money concepts.
Education only, not financial advice. Definitions vary between teachers; these are ours, written for clarity.