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ICT Power of 3 MT5

35 USD

Demo downloaded: 71

Published: 22 December 2023

Current version: 1.5

ICT Power of 3 MT5

Indicators
Alberto Gauer Borrego
Version: 1.5
Updated: 15 August 2024
Activations: 5

One of the most powerful and important ICT concepts is the Power of 3.

It explains the IPDA (Interbank Price Delivery Algorithm) phases. PO3 simply means there are 3 things that the market maker's algorithm do with price:

Accumulation, Manipulation and Distribution

ICT tells us how its important to identify the weekly candle expansion and then try to enter above or below the daily open, in the direction of the weekly expansion.

This handy indicator here helps you keep track of the weekly and daily candles without having to check multiple charts. You can choose to print a daily, weekly and even a monthly candle in your LTF chart. Helps you to visualize in the LTF where you are in the HTFs, helps you visualize the Judas Swing.

You can also choose how many HTF bars you want to see in your LTF chart with the "Max History Bars" input.

All settings are self explanatory, I have added a "GMT offset" setting if you want to use the NY Midnight open (the "true" IPDA open). For example if your broker server time is GMT 0, then you leave this input at 0 if you wanna match your broker's daily open. If you want the daily candle to start at NY Midnight then you would set this input with -4 (for UTC -4), or -5 (for UTC -5).

MT4 Version
https://www.mql5.com/en/market/product/110401?source=Site

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Version 1.5 2024.08.15

V 1.5 - Fixed a bug which caused a gap
in monthly PO3 candles when
loaded on a daily chart with
max history bars set to 2 or more

Version 1.4 2024.03.09

V 1.4 - Previous fix for stuck bars on chart really did not work, this one finally did the trick. The problem was happening
at MT5 platform relaunch due to several instances of the indicator loaded at same time in different charts and/or
symbols. Now I have added a settings called "Instance", here you should put a different number for each instance
of the indicator you have loaded (simple as 1, 2, 3, 4...). This will solve the issue once and for all.

Version 1.3 2024.02.26

V 1.3 - Fixed a bug that was causing printed bars
from previous sessions to get stuck on the chart

Version 1.2 2024.01.23

V 1.2 - Recompiled the indicator using the
latest version of metaeditor.

Version 1.1 2023.12.23

V 1.1 - Instead of using hard coded settings, now the "Offset" setting is
user defined by numerical values (-5, -4... 0... 4, 5, etc...),
so you can slide the HTF candle horizontally to wherever you prefer.

-Added the setting "Show Time Left" so you can turn off the countdown
timer inside the info label, if you prefer.