This OHLC PRO by LudwigICT indicator is a multi-feature chart overlay tool designed to give a professional, information-rich visualization on your cTrader chart.

Here’s a breakdown of what it does:

🔹 Core Function: OHLC Overlay

• Draws custom OHLC (Open, High, Low, Close) bars on your chart.
• You can set:
• • Which timeframe OHLC to use (Daily, Weekly, Monthly, or intraday like H1, M15, etc.).
  • Bar offset (distance from current candles).
  • Bar width, wick, borders, and custom colors.
• Effectively, you get “reference candles” from higher timeframes placed on your current chart.

🔹 Triple-M Setup (Bullish/Bearish Signals)

• Detects a pattern of consecutive higher lows (bullish) or lower highs (bearish).
• When detected:
• • Can place triangle icons (up or down) on the candles.
  • Can also recolor bars to show momentum shift.
• This acts like a momentum structure shift signal.

🔹 Dual ZigZag Tools

• Two independent ZigZag overlays:
• • ZigZag #1 (longer length, e.g. swing structure).
  • ZigZag #2 (shorter length, e.g. micro swings).
• Highlights market swings for structure, trend, and breakout analysis.

🔹 Gann Support & Resistance

• Uses a Gann number table + ATR logic to calculate S/R levels.
• Plots multiple support/resistance lines above and below price.
• Lines can be styled (solid, dotted, extended left, etc.).
• Labels levels with price values.
• Also gives Range Guides:
• • “Previous Range” vs. “Next Range” relative to ATR.
  • Helps forecast expansion or contraction zones.

🔹 New York Midnight Levels

• Automatically detects New York Session midnight open price.
• Draws:
• • Horizontal line at NY midnight open price.
  • Vertical line at session start.
  • Labels showing “NY Midnight Open | price”.
• You can extend these lines for 1 or 2 days, or add extra hours.
• Useful for ICT-style trading (New York session bias, equilibrium points, etc.).

🔹 Customization & Alerts

• Every feature has parameters in dropdowns:
• • Colors, styles, line extensions, number of lines, etc.
• Alerts are supported (though mainly via chart visuals—alert frequency param is there).
• Clean removal on indicator close (so your chart doesn’t stay cluttered).

✅ In short:
This indicator is a multi-purpose price action tool. It combines:

• Higher timeframe OHLC candles
• Momentum pattern signals (Triple-M)
• Two ZigZag structures
• Gann S/R levels + range guides
• New York session midnight open markers

It’s made for structure, session, and level-based trading, especially useful for ICT-style or price action traders.

I explain how you could practically use it when trading XAU/USD

🔹 Practical Trading Use (Gold with OHLC PRO)

1. Higher Timeframe OHLC Overlay

• Example: Plot Daily OHLC while trading on M5/M15.
• You’ll see yesterday’s candle “inside” your intraday chart.
• Usage:
• • Price approaching previous day’s high/low = liquidity hunt area.
  • Daily open/close = bias filter (above = bullish, below = bearish).
  • Helps you trade within the daily range.

👉 On gold, NY session often raids the previous day’s high/low before reversing.

2. Triple-M Signals

• The Triple-M pattern (series of rising lows or falling highs) = short-term momentum.
• Usage:
• • Bullish Triple-M near support (HTF low or NY midnight open) → possible long scalp.
  • Bearish Triple-M near resistance (HTF high or Gann level) → possible short scalp.
• Can color bars for fast visual recognition in fast gold moves.

👉 Works well for sniper entries on M1–M5 when aligned with HTF bias.

3. Dual ZigZag

• ZigZag #1 (longer length) = swing structure.
• ZigZag #2 (shorter length) = micro structure.
• Usage:
• • Identify market structure breaks (BOS/CHOCH).
  • Trade only in the direction of the bigger ZigZag (#1).
  • Use smaller ZigZag (#2) for entry confirmation.

👉 Example: Daily bias bullish → wait for ZigZag #2 shift bullish near HTF support.

4. Gann Support & Resistance

• Generates a grid of mathematical S/R levels.
• Usage:
• • If price is consolidating, levels mark likely expansion breakout points.
  • Combine with ATR range guide:
  • • "Previous Range" small → expect volatility expansion.
    • "Next Range" high → strong breakout level ahead.

👉 On gold, Gann levels often align with round numbers (e.g. 2400, 2420, 2435).

5. New York Midnight Open

• This is one of the most powerful ICT tools for gold.
• Usage:
• • Price relative to NY midnight open = directional bias.
  • If price stays above midnight open → bullish NY session.
  • If below → bearish bias.
  • Horizontal line acts as equilibrium (50%) reference.
  • Watch for liquidity sweeps around this level in London/NY killzones.

👉 Example:
NY midnight open = 2405.

• If London runs price down to 2398 and NY reclaims 2405 → strong long setup.

🔑 Putting It Together (Example Setup)

1. Start NY session:
2. • Plot Daily OHLC.
   • Note NY midnight open.
   • Watch Gann levels nearby.
2. Wait for liquidity grab (raid of Daily High/Low or Gann SR).
3. Check Triple-M / ZigZag #2 for micro bullish/bearish confirmation.
4. Enter with stop behind liquidity sweep.
5. Target opposite side of range or next Gann/HTF level.

✅ In short:

• Daily OHLC + NY Midnight = bias filter.
• ZigZag + Triple-M = entry timing.
• Gann + Range Guide = profit targets & expansion signals.

This indicator basically gives you all the ICT-style tools in one package for XAU/USD.

If you have any questions or run into any issues, feel free to contact me. I'm happy to help You!

Disclaimer:

By using my algorithms, you acknowledge that trading involves inherent risks and that past performance does not guarantee future results. It is essential that you have a solid risk management strategy in place and, above all, that you remain disciplined in adhering to stop-loss levels. Failure to manage risk properly can lead to significant losses. I am not responsible for any financial outcomes resulting from the use of these algorithms. Trade responsibly and always follow proper risk management practices.

Bless up! 🙌