Did you know there is a simple line you can place on your chart to immediately make the weeks price action more understandable? Its called the Weekly Open Line. And its the opening price of the trading week. It was created by The Inner Circle Trader (ICT) and incorporates another one of his concepts called Power 3.
The Weekly Power 3 indicator takes the idea of...
This template can be used for Higher Time Frame analysis in forex. Using the Bar Replay, develop a technical bias and mark psychological levels on the H4 timeframe. This can be used with Supply and demand and Quarter Points Theory.
Monthly- Default setting
Weekly- Default setting
Daily- On Sund-Mon
H4- On Sund-Mon, Show Weekly High + Low
H1- Show Quarter Points
