Description
Pinescriptlabs Store indicators: 🤖Pinescriptlabs Store cBots:
SmartTrend Support & Resistance Lines Gold & BTC Breakout Session Pivots(new) YieldShield" 🛡️
Dynamic Market Structure
Analysis of Turning Points
Fibonacci Linear
Regression Multi-timeframe
Multi-Level Candle Bias
Tracker
Auto Support and
Resistance Trend Lines
All Support and
Resistance Levels
ICT POWER OF 3 ⚡📊
This indicator automates the ICT "Power of 3" theory by plotting three key market zones on your chart—Accumulation, Manipulation, and Distribution—using refined timeframes that capture both pure sessions and their overlaps. The result is a visual "map" 🗺️ showing where big players set supports, hunt stops, and drive trends—no manual candle or wick analysis needed!
Why This Algorithm Matters in Trading 💡
Institutional Visibility 👀: By automating the detection of zones where "Smart Money" accumulates, manipulates, and distributes, you remove guesswork and instantly see where the real liquidity flows.
Trap & Liquidity Detection 🎯: The Manipulation phase (Europe-NY overlap) is where stop hunts occur—spotting these lets you enter trades with lower risk.
Trend Confirmation 🚀: The pure NY Distribution zone captures the core of directional momentum—trading in sync with it boosts success rates.
Consistency 🔄: Using fixed timeframes and standardized visuals removes emotional bias and simplifies backtesting.
Detecting the Three Phases (Overlap Focus) 🔍
1️⃣ Accumulation (Asia + Tokyo/London Overlap: 7 PM – 2 AM EST)
- Start ⏳: At the first 7 PM EST candle, a "box" opens, capturing the initial high/low.
- Tracking 🔄: If price breaks the range (new high/low), the box expands in real time.
- Close 🚪: At 2 AM EST, the box locks, marking where Smart Money absorbed orders with low volatility.
2️⃣ Manipulation (Europe + London/NY Overlap: 2 AM – 9 AM EST)
- Start ⏳: Detected at the first 2 AM EST candle.
- Behavior 🎭: Highlights false breakouts of prior extremes—each rejection is visually tracked.
- Close 🚪: Ends at 9 AM EST, revealing where stop hunts were concentrated.
3️⃣ Distribution (Pure NY Session: 9 AM – 2 PM EST)
- Start ⏳: Begins with the 9 AM EST candle.
- Evolution 📈: The box grows with the strongest trend—where institutions release positions.
- Close 🚪: Finalizes at 2 PM EST, marking the highest momentum & volume phase.
Day Management & Auto-Cleanup 🧹
To avoid chart clutter, the indicator keeps only the last N days (configurable). Once exceeded, it automatically deletes old zones—borders, fills, and labels—keeping your analysis clean & focused on recent data.
Summary
The indicator identifies:
1. Accumulation phase (7 PM – 2 AM EST, Asia + Tokyo/London overlap), marking where smart money absorbs orders with low volatility.
2. Manipulation phase (2 AM – 9 AM EST, Europe + London/New York overlap), highlighting false breakouts and stop hunts.
3. Distribution phase (9 AM – 2 PM EST, pure New York session), showing where institutions release positions during the highest momentum and volume.
ICT Power of 3 enhances trading by providing institutional visibility, trap and liquidity detection, and trend confirmation. It uses fixed timeframes and standardized visuals to reduce emotional bias and simplify backtesting. The indicator also manages chart clutter by automatically deleting old zones beyond a configurable number of days, keeping the analysis focused on recent data. It supports markets including commodities, cryptocurrencies (BTC, ETH), and symbols like BTCUSD and XAUUSD.
