INVITE-ONLY SCRIPT

OHLC Statistical Mapping [Pro+] (Joshuuu)

Updated

2 days ago

Description:
Dive into the intricate world of candlestick analysis with the OHLC Statistical Mapping Pro+! This collaboration with Joshuuu offers a closer look into the historical data of specific candles within an analyst’s chosen timeframe, providing insights for future time and price delivery. Incorporate this interactive tool into your Tradingview templates and revolutionize your strategies with data. This advanced indicator goes beyond conventional OHLC representation, incorporating the principles of Inner Circle Trader (ICT) to explore accumulation, manipulation, and distribution candle-by-candle.

ICT traders identify manipulation as the wick opposing to the candle’s close. Analysts can observe manipulation legs seen as a movement to trap market participants in the "wrong" direction, to anticipate a candle's distribution.
When price distributes, it expands for higher or lower prices. Analysts can therefore note distribution levels for a draw on liquidity, retracement, or reversal.

These levels will provide important information about orderflow when price trades through them and the sequence in which the delivery occurs.

Additionally, to amplify the price mapping, this tool plots the average Time at which its manipulation and distribution phases should complete. This feature allows traders to utilize historical Timings in conjunction with the price levels of manipulation and distribution.

As with any historical data driven tool, analysts should not expect past behaviour to match future performance. This tool was created with a data driven edge to bring attention to when candles are likely to turn after their manipulations, or retrace after completing set distributions.

Key Features:

Average Range Precision: Visualize candlestick data through a sophisticated line and label-based format, facilitating the identification of your manipulation, distribution, and time pivots. Enhance your comprehension of market volatility by graphing the average range of your selected candle timeframe. This metric acts as a compass, steering you towards potential support and resistance areas.
Tailored Timeframe Selection: Tailor your analysis by choosing a specific time frame that aligns with your trading strategy, enabling a focused exploration of the candle’s manipulation, distribution, and time in which both levels are hit.
Real-time Information Flow: Monitor market developments with instantaneous updates on candlestick statistics. Each candle updates the script with latest OHLC information providing continuous historical data computations, even on timeframes sub 1 minute.
Historical Mapping:
Easily backtest previous mappings by enabling the historical mapping feature. This feature allows traders to revisit and analyze past market scenarios, offering a valuable tool for refining and validating trading strategies. Choose to show historical labels or remove them, giving ultimate flexibility for journaling.
User-Intuitive Interface: Navigate effortlessly through the tool's interface, designed to accommodate advanced traders with keen passion for data driven precision. Effortlessly customize the display settings to match your preferences, ensuring a seamless and personalized experience.

Usage Guidance:

Add OHLC Statistical Mapping Pro to your Tradingview chart.
Choose up to 5 timeframes for the mapping to plot on your chart, be sure to adjust your style and visual preferences to differentiate the timeframes’ levels.
Observe how calculated manipulation, distributions, and delivery times align together with predetermined analysis.
Leverage this information with other models and insights to create a stronger narrative for your analysis

These tools are available ONLY on the TradingView platform.

Terms and Conditions

Our charting tools are products provided for informational and educational purposes only and do not constitute financial, investment, or trading advice. Our charting tools are not designed to predict market movements or provide specific recommendations. Users should be aware that past performance is not indicative of future results and should not be relied upon for making financial decisions. By using our charting tools, the purchaser agrees that the seller and the creator are not responsible for any decisions made based on the information provided by these charting tools. The purchaser assumes full responsibility and liability for any actions taken and the consequences thereof, including any loss of money or investments that may occur as a result of using these products. Hence, by purchasing these charting tools, the customer accepts and acknowledges that the seller and the creator are not liable nor responsible for any unwanted outcome that arises from the development, the sale, or the use of these products. Finally, the purchaser indemnifies the seller from any and all liability. If the purchaser was invited through the Friends and Family Program, they acknowledge that the provided discount code only applies to the first initial purchase of the Toodegrees Premium Suite subscription. The purchaser is therefore responsible for cancelling – or requesting to cancel – their subscription in the event that they do not wish to continue using the product at full retail price. If the purchaser no longer wishes to use the products, they must unsubscribe from the membership service, if applicable. We hold no reimbursement, refund, or chargeback policy. Once these Terms and Conditions are accepted by the Customer, before purchase, no reimbursements, refunds or chargebacks will be provided under any circumstances.
By continuing to use these charting tools, the user acknowledges and agrees to the Terms and Conditions outlined in this legal disclaimer.

Release Notes

Minor Changes

Release Notes

Minor Changes

Release Notes

Added Style changes to the table, automatically adapts to a dark background.

Release Notes

To see changes, please remove OHLC Statistical Mapping [Pro+] (Joshuuu) from the chart, refresh your browser or TV app, then re-add to the chart!

Added line width adjustments
Added feature to extend lines until the Timeframe close
Fixed Midnight Open bug causing a system error

Release Notes

Changed Default Settings: base transparency amount set to 0 for easier view out of the box.

Release Notes

Minor Bug Fixes

Release Notes