Opening Levels SM
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OpeningLevelsSM - Key Market Opening Levels for Smart Money Concepts and PO3, based on New York time.
An indicator designed to display important market opening price levels across different time periods based on a selected time reference.
Opening prices play an important role in Smart Money Concepts (SMC) and Power of Three (PO3). They help traders analyze market positioning, identify potential liquidity manipulation, and understand the transition between the accumulation, manipulation, and distribution phases.
The indicator automatically displays Daily, Weekly, and Monthly opening levels, as well as the opening prices of the current M15 and H1 candles.
Three time calculation modes are available:
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New York Time - calculates levels based on New York local time.
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GMT 0 - uses the GMT zero time zone.
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Broker Time - uses the broker's trading server time.
This flexibility allows traders to align opening levels with their preferred trading sessions and market analysis methodology.
Smart Money Concepts (SMC)
Opening prices are important reference points for understanding price behavior and market structure.
With OpeningLevelsSM, traders can:
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Monitor price interaction with the Daily Open.
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Use the Weekly Open and Monthly Open as higher-timeframe reference levels.
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Analyze whether price is trading above or below important opening levels.
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Identify potential liquidity sweeps near key price levels.
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Observe displacement and changes in market direction relative to opening levels.
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Use opening levels together with liquidity zones, Fair Value Gaps (FVG), Order Blocks (OB), and other SMC tools.
Power of Three (PO3) - Accumulation, Manipulation, Distribution
The Power of Three concept describes a market cycle consisting of three phases:
1. Accumulation
The market consolidates around the opening price, forming a potential trading range.
2. Manipulation
Price moves beyond the established range, potentially triggering stop-loss orders and collecting liquidity before a reversal.
3. Distribution
Price moves away from the accumulation zone in the direction of the expected market expansion.
The Daily Open is a particularly useful reference level when analyzing this model.
OpeningLevelsSM makes it easier to monitor price behavior relative to the Daily Open and compare it with Weekly and Monthly opening levels.
The indicator does not automatically identify PO3 phases. Instead, it provides price reference levels for their visual analysis.
Intraday Market Analysis - M15 and H1
In addition to higher-timeframe opening levels, OpeningLevelsSM displays the opening prices of the current M15 and H1 candles.
These levels can be used for:
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Identifying short-term intraday price reference levels.
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Monitoring price reactions at the beginning of new time periods.
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Analyzing the local market direction.
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Identifying potential entry points in combination with SMC trading models.
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Refining entry timing through price action analysis on lower timeframes.
Key Features
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Daily Open level.
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Weekly Open level.
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Monthly Open level.
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Current M15 candle opening level.
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Current H1 candle opening level.
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New York local time calculation.
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GMT 0 time calculation mode.
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Broker server time mode.
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Automatic updating of opening levels.
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Suitable for intraday analysis on lower timeframes while displaying higher-timeframe opening levels.
