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- Power of Three Indicator in Smart Money Style for MetaTrader 5 Download - Free
Power of Three Indicator in Smart Money Style for MetaTrader 5 Download - Free
The Power of Three Indicators is a powerful tool in MetaTrader 5 that showcases three key concepts: Accumulation, Manipulation, and Distribution, based on the Smart Money trading strategy.
Each concept sequentially indicates price stability, trading volume, and price direction.
The chart shows areas marked with red boxes representing accumulation zones, while green boxes indicate manipulation zones.
The indicator issues buy (Long) signals with a green arrow and sell (Short) signals with a red arrow.
Indicator Specifications Table
Category | ICT - Smart Money - Signal and Forecasting |
Platform | MetaTrader 5 |
Skill Level | Intermediate |
Indicator Type | Continuation - Reversal |
Timeframe | Multi timeframe |
Trading Style | Scalping - Day Trading |
Market | Cryptocurrency - Forex - Stocks - Commodities |
Power of Three Indicators in an Uptrend
According to the 1-hour price chart of Bitcoin (BTC), a distribution area is identified if the difference between the top and bottom of the blue box is less than the Average True Range (ATR).
When the price exits this range, it enters the manipulation phase, and immediately after, a buy signal (Long) is issued.
Power of Three Indicators in a Downtrend
In the 4-hour price chart of the GBP/USD currency pair, red arrows indicate signals for entering sell (Short) trades.
The indicator issues these signals immediately after the price exits the manipulation zone marked by the green box.
Indicator Settings
- Theme: Indicator Theme;
- ATR Period: Average True Range of 14 periods;
- A multiplier of Last: ATR period multiplier of 1.5;
- Accumulation Period: Accumulation phase duration of 25;
- Manipulation Swing: Manipulation range of 3.
Conclusion
The Power of Three Indicator is designed based on three profiles: Accumulation, Manipulation, and Distribution.
Analyzing these three profiles provides reliable signals for entering buy (Long) and sell (Short) trades.
In which timeframe does the Power of Three Indicator issue trade signals?
This indicator issues entry signals across all timeframes; however, signal frequency is higher in shorter timeframes, such as 5 minutes, 15 minutes, and 1 hour.
Does using this indicator require high skill levels?
While the Power of Three Indicator automatically generates trade entry signals, having experience with liquidity-based trading styles enhances its effectiveness.