ICT True Open Levels and the Power of Three Cycle

Summary

The document explains an ICT charting concept that treats daily, weekly, and monthly opening prices as reference levels. It describes the Power of Three sequence as accumulation around an open, a manipulation move beyond it intended to trap traders, and distribution in the eventual directional move. The proposed indicator plots these opens as horizontal lines for use on short execution timeframes.

The method is presented as a visual aid for identifying context, not as a fully specified entry or exit strategy. The document gives no empirical testing, performance data, or rules for confirming the accumulation, manipulation, or distribution phases. It also does not establish that institutional algorithms behave as described. The lines can be toggled and styled, but their usefulness depends on how a trader interprets price around them; the indicator itself does not provide validation or risk controls.

Key ideas

• Daily, weekly, and monthly opens are used as potential price reference levels.
• The Power of Three model describes accumulation, a move beyond the open, and subsequent directional distribution.
• The indicator displays current-period open levels on lower-timeframe charts.
• The document provides no backtest or evidence that the proposed cycle reliably predicts price direction.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.