Levels, VWAP and volume profile

Value area 80% rule (volume profile)

30m periods, 5m entries

The rules, in plain English. Ask Wicky “Is my setup here?” and it checks each one on your chart, says what’s still missing, and draws your levels.

The rules

Setup: the session opens outside the previous session's value area, above its value area high (VAH) or below its value area low (VAL).
Trigger: price gets back inside the value area and two 30-minute periods in a row close inside it.
Entry: the close of the second period, toward the far side of value.
Stop: back outside the value area, beyond the high or low made before price came back in.
Target: the point of control (POC) first, then the other side of the value area. At least 2R to the far side.
Skip it if: price closes back outside value before the second period.
On the chart: the previous session's volume profile, or its VAH, VAL and POC marked.

Try this setup on your chart ›Wicky for Mac

How Wicky checks it

Hold ⌃⌥ over your chart and ask. Wicky reads the chart on your screen, on any platform, and checks every rule above, starting with “Setup: the session opens outside the previous session's value area, above its value area high (VAH) or below its value area low (VAL)”. Then it answers out loud: not yet, and what you’re still waiting for, or your entry, stop and target with the risk-to-reward, drawn on your chart and locked to it as you scroll.

Trade it a little differently? Change any rule, or write your own in plain English. Wicky checks your version, not a textbook’s.

Wicky checks your own rules. It doesn’t tell you to buy or sell, doesn’t predict price and never places trades. Trading involves substantial risk of loss. ICT and Smart Money Concepts are named to describe setups; Wicky isn’t affiliated with their authors.