OPEN-SOURCE SCRIPT

Hourly Opening Price

Mis à jour
The Inner Circle Trader has noted that the Opening Price of every Hourly candle can be used in a Power Of 3 (PO3) context.

  • If Bullish, buy BELOW the hourly open.

  • If Bearish, sell ABOVE the hourly open.


The Power of 3 ICT model also know as "AMD" is a transformative trading strategy, ingeniously designed to streamline your time analyzing charts by focusing on three pivotal phases in market behavior: accumulation, manipulation, and distribution.

The ICT Power of Three Model dissects the market maker’s algorithm for price delivery into three pivotal actions: Accumulation, Manipulation, and Distribution. Accumulation involves smart money gathering positions before a price surge, while manipulation sees the market creating deceptive movements to trigger stops. Finally, distribution occurs as smart money offloads positions, often catching less informed traders off-guard. This strategy is a critical tool for traders to understand market makers’ maneuvers and to strategically position themselves in the market.


This indicator plots a line at the opening price of each hour and extends it on the chart for the duration of the hour. Each hour starts a new line.

You also have the option of extending the midnight opening price line across the entire trading day.



Notes de version
*Added Midnight Price Label option and extended Midnight open line through entire calendar day.
Notes de version
*Minor tweak to label
Notes de version
*Minor Fix
Notes de version
Updated Timezone function to accommodate different exchanges.
Notes de version
Bug Fix
Notes de version
** Updated to work on seconds time frame.
Notes de version
Changed behavior of Midnight Open line and label.
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Script open-source

Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

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