This indicator draws a dynamic "Open High Low Close" type visual on intraday charts so the trader can easily keep track of the daily/weekly movement. This indicator was inspired by the Inner Circle Trader’s (ICT) “Power 3” concept, which is Accumulation, Manipulation, and Distribution of price on a daily timeframe.
Visual
This indicator plots the chosen timeframes opening price along with a live line for the current price. This makes it very easy to identify the daily/weekly range along it’s open. And the user can combine this indicator with my other indicator “Futures Exchange Sessions” to plot the midnight EST & 8:30 AM EST lines to get a great summation of over night price action.
Inputs and Style
In the Input section the user can dynamically switch between Daily and Weekly timeframes. Built in ability to move the entire Visual to the right makes preventing indicator overlap a breeze. All of the lines can be configured: color, style, and width. Independently toggle ON/OFF the Power 3 labels (Accumulation, Manipulation, Range Extension, Distribution) and can change labels color. The labels dynamically move and switch positions based upon bear or bull daily/weekly range.
Special Notes
The Futures market is open 23/5. It is closed everyday for 1-hour at 5pm EST and closed over the weekends. Because this Intraday Power 3 Visual is drawing in the 'future' on the users TradingView chart, when the visual is close or in a time when the market is closed, the visual doesn't behave properly. This is because TradingView doesn't display times when the Market is closed, thus the drawings cannot be displayed during those times. There is nothing wrong with the script. Please wait until the Market is open and the visual will be drawn normally.
This indicator is intended for use in the Futures Market
Информация о релизе
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Added option in Settings that will draw left side horizontal line either at the midnight EST open or daily open. (If time is prior to midnight EST open, the line will be drawn at the daily open and change to midnight EST line when times crosses that threshold.)
Hello, Thank you for your work. For some reason, this indicator on my chart does not show the line for close. How can I fix it?
Infinity_Trading_
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@allusernametaken, Thanks! ... Please see the Special Notes section in this indicators description above. Nothing can be displayed when the Futures market is closed because TradingView does not display those times.
allusernametaken
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@Infinity_Trading_, Thank you. Another question. Is there any reason the open is actual open instead of midnight open price? just wondering. Thank you for your script.
Infinity_Trading_
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@allusernametaken, Because it was easier to code to finish the script and get it published. Plus, my Future Exchange Sessions indicators already have the midnight open line so both indicators can be used together to get that functionality... But I plan an update in the future to add an option for the midnight open instead of the daily open. Thanks for the question!
Hi sir I'm extremely sorry from mistake my end I changed the colour line colour and back ground chart colour is same so it's invisible nw I changed a colour line nw I'm able to see it thank u sir very nice and useful indicator to trade in intraday trading thank a lot of coding such type of indicator
yuvarajc1697
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Hi this indicator is not working sir plz fix it thank u
yuvarajc1697
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Hi the lines r not displaying in the chart plz fix it thank u