Custom Opening Price Levels (PO3)

23 thg 8, 2024

This indicator is designed to assist the trader in identifying the Power of Three through the opens of the candles.

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The PO3 is a concept introduced by ICT. First, you need to have a directional bias for the month or the specific candle in question. It should be of high time frame (HTF BIAS).
At the open of the specific candle, the market will generate interest in the direction opposite to the HTF BIAS, accumulating positions. It will then manipulate the positions of less informed traders to generate the necessary liquidity to fill informed operators positions.
Finally, positions are distributed in favor of the bias.
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The PO3 is a phenomenon that repeats across all timeframes. This indicator is highly customizable and allows the user to choose from a range of timeframes: 3 months, 1 month, 1 week, 1 day, and 3 hours. The indicator displays the last 3 opens for the selected period.


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The script is open-source, so feel free to add more timeframes or open levels if you have coding skills.

23 thg 8, 2024

Phát hành các Ghi chú

I made a mistake by publishing an outdated version of the script.
- Improved code organization
- Added "lookahead=barmerge.lookahead_on" to the request security for correct updating of open prices
- Removed unnecessary lines from the development process

23 thg 8, 2024

Phát hành các Ghi chú

Updated the final details regarding the explanation on the chart.

24 thg 8, 2024

Phát hành các Ghi chú

- Changed input.string to input.timeframe to allow user select from more timeframes

24 thg 8, 2024

Phát hành các Ghi chú

Updated the final details regarding the explanation on the chart.