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:
This works on any timeframe, even the seconds charts!
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.
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Update: added the ability to change OHLC Price text size; Open, High, Low lines' width is now adjustable.
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Update: – Added NY Midnight as Daily Open option – Added option to see range in ticks
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Bug Fix: – Candles that have NY midnight inside of it (i.e. 4H) were causing an infinite candle bug, fixed
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Update: – Added NY Midnight Open calculation for Weekly PO3
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Bug Fix: NY time countdown for daily candle was still displaying normal time countdown. Should be fixed – let me know :)
I'm a newbie in trading, how to use that? Do you have a YT video? Many thanks.
toodegrees
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@iranashubham, you should look into ICT. This tool is based on a concept called Power of Three (PO3), or Accumulation, Manipulation, Distribution (AMD).
CoincheffOfficial
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Honestly u are doing a great Job bro , thanks a lot ….
I am keeping eye for what u have in store more ….
I have backtested this and honestly helps a lot … I hope one day we have all in one ICT concepts , BB , FVG, OB, MSS,,BOS , PDL , PDH, PWL ,PWH, PML , PMH and days of the week