CandelaCharts - OHLC Session Range Map

2 days ago

📝 Overview

Master the art of candlestick analysis with the OHLC Session Range Map!

Enhance your TradingView strategies by incorporating this advanced tool for actionable insights. Far beyond standard OHLC visuals, this innovative indicator integrates Inner Circle Trader (ICT) concepts to analyze accumulation, manipulation, and distribution, one candle at a time.

ICT traders identify manipulation through wicks that extend opposite the candle’s close—a tactic designed to mislead market participants into taking positions in the "wrong" direction. These movements often signify potential manipulation phases. By interpreting these signals, traders can anticipate a candle’s distribution phase, where the price expands to higher or lower levels. This provides valuable insights into liquidity targets, retracement zones, and potential reversals.



These levels provide critical insights into order flow, illustrating how price interacts with them and the sequence in which it unfolds.

To refine price analysis further, the tool also tracks the average timing for the completion of manipulation and distribution phases. By combining historical timing patterns with price levels tied to these phases, traders can perform more in-depth analyses and enhance their market strategies.

While rooted in historical data, this indicator does not guarantee that past patterns will repeat in future market conditions. Instead, it offers a data-driven approach to identifying moments when candles are likely to reverse after manipulation phases or retrace following completed distributions, enabling traders to spot potential turning points with greater precision.

📦 Features

This tool offers a range of powerful features to enhance your trading analysis:

• Average Range Accuracy: Simplify candlestick analysis with advanced lines and labels to pinpoint manipulation, distribution, and time pivots. Graph average ranges for your chosen timeframe to navigate market volatility and uncover key support and resistance zones.
  
• Custom Timeframe Selection: Align your analysis with your trading strategy by choosing a timeframe that highlights the candle’s manipulation, distribution, and key timing.
  
• Real-time Data Feed: Stay updated with live candlestick stats, with each new candle updating OHLC data and performing ongoing historical calculations, even on sub-minute timeframes.
  
• Historical Mapping: Backtest past market scenarios with ease using the historical mapping feature. Traders can revisit and analyze previous data, refine strategies, and customize label displays for journaling flexibility.
  
• User-Friendly Interface: Designed for advanced traders, the intuitive interface allows easy navigation and customization of display settings, offering a personalized experience for data-driven analysis.
  

⚙️ Settings

• Sessions: Sets the timeframe to which will be drawn.
  
• Lookback: Controls period length in days.
  
• Method: Sets the desired calculation algorithm.
  
• History: Display Session Range Map drawings for previous sessions.
  
• Timezone: Dsiplay the data based on the selected timezone.
  
• Opn: Style for Open line.
  
• Man: Style for Manipulation line.
  
• Dis: Style for Distribution line.
  
• Time: Style for Timeline.
  
• Labels: Controls the size and abbreviations.
  
• Table Position: Manage the Session Range Map table position
  

⚡️ Showcase

Here’s a visual showcase of the tool in action, highlighting its key features and capabilities:

Manipilation & Distribution


Time


📒 Usage

Here’s how you can use the OHLC Session Range Map to enhance your analysis:

• Add OHLC Session Range Map to your Tradingview chart.
  
• Select a timeframe and customize the styles to fit your preferences.
  
• Watch as calculated manipulation, distribution, and delivery times align with your analysis.
  
• Combine this data with other models and insights to strengthen your trading strategy.
  

Example 1


Example 2


By following these steps, you'll unlock powerful insights to refine and elevate your trading strategies.

🔹 Notes

On Bullish candles:

• Manipulation: Open - Low
  
• Distribution: Open - High
  

On Bearish candles:

• Manipulation: Open - High
  
• Distribution: Open - Low
  

Available calculation methods:

• Mean
  
• Median
  

Price patterns on OHLC Session Range Map:

• Open - -Man - +Dis
  
• Open - -Man - Open - +Dis
  
• Open - -Man - +Man - +Dis
  
• Open - -Man - +Man - -Dis
  
• Open - +Man - -Dis
  
• Open - +Man - Open - -Dis
  
• Open - +Man - -Man - -Dis
  
• Open - +Man - -Man - +Dis
  

🚨 Alerts

The indicator does not provide any alerts!

⚠️ Disclaimer

These tools are exclusively available on the TradingView platform.

Our charting tools are intended solely for informational and educational purposes and should not be regarded as financial, investment, or trading advice. They are not designed to predict market movements or offer specific recommendations. Users should be aware that past performance is not indicative of future results and should not rely on these tools for financial decisions. By using these charting tools, the purchaser agrees that the seller and creator hold no responsibility for any decisions made based on information provided by the tools. The purchaser assumes full responsibility and liability for any actions taken and their consequences, including potential financial losses or investment outcomes that may result from the use of these products.

By purchasing, the customer acknowledges and accepts that neither the seller nor the creator is liable for any undesired outcomes stemming from the development, sale, or use of these products. Additionally, the purchaser agrees to indemnify the seller from any liability. If invited through the Friends and Family Program, the purchaser understands that any provided discount code applies only to the initial purchase of Candela's subscription. The purchaser is responsible for canceling or requesting cancellation of their subscription if they choose not to continue at the full retail price. In the event the purchaser no longer wishes to use the products, they must unsubscribe from the membership service, if applicable.

We do not offer reimbursements, refunds, or chargebacks. Once these Terms are accepted at the time of purchase, no reimbursements, refunds, or chargebacks will be issued under any circumstances.

By continuing to use these charting tools, the user confirms their understanding and acceptance of these Terms as outlined in this disclaimer.