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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:

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 :)

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Bug Fix: further countdown adjustments