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HTF Power of Three°

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Power of Three ( PO3 ) is one of the many concepts introduced by the Inner Circle Trader and inspired by Larry Williams.
The PO3 represents a three staged Smart Money campaign: Accumulation, Manipulation, and Distribution.

ICT traders assume that this pattern represents how any candle is built.
“This is applicable to every time measurement, as long as you have a beginning time, the highest value, the lowest value, and an ending in terms of measuring time.”

Consider the development of a Bullish Candle over Time:
Candle Open (initial value price, prior to dynamic imbalance)
Accumulation of longs around the opening price
Manipulation where short liquidity is engineered and long liquidity is neutralized
Range Expansion (dynamic price imbalance)
Distribution pairing long exits with pending buy interest
Candle Close (ending value price, post dynamic imbalance)

The same goes for the development of Bearish Candles, in reverse.

The HTF Power of Three° Indicator allows to monitor the selected Higher Timeframe Candle in real time:
– See where its Open, High, and Low are in the current lower resolution with high precision
– Know when it's supposed to Close by monitoring its own countdown (if below 1D)
– Note its Low to High range to gain a deeper understanding of LTF market profiles
– Study and backtest PO3 in Replay Mode with ease
– Trade PO3 with confidence without needing multiple layouts
This becomes very useful when studying, and especially using, PO3. One can use this as a tool to build narrative, as well as spotting important institutional levels.

You can also monitor more than one HTF PO3 at the time by stacking multiple instances of the indicator:
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This works on any timeframe, even the seconds charts!
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Note: if you select too high of a PO3 timeframe while on LTF you might receive an error due to TrandingView's data availability on that chart – this can also depend on your TradingView Plan.


發行說明
Update: added the ability to change OHLC Price text size; Open, High, Low lines' width is now adjustable.
發行說明
Update:
– Added NY Midnight as Daily Open option
– Added option to see range in ticks
發行說明
Bug Fix:
– Candles that have NY midnight inside of it (i.e. 4H) were causing an infinite candle bug, fixed
發行說明
Update:
– Added NY Midnight Open calculation for Weekly PO3
發行說明
Bug Fix: NY time countdown for daily candle was still displaying normal time countdown. Should be fixed – let me know :)
發行說明
Bug Fix: further countdown adjustments

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