CandelaCharts - OHLC Macro Range Map

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📝 Overview

Elevate your candlestick analysis with the OHLC Macro Range Map!

Unlike conventional OHLC charts, this advanced indicator weaves Inner Circle Trader (ICT) principles into its design, helping you decode accumulation, manipulation, and distribution patterns—candle by candle.

ICT traders recognize manipulation through wicks that extend against the candle’s closing direction—a deliberate move to mislead participants into unfavorable positions. These deceptive movements often hint at market manipulation phases. By decoding these subtle signals, traders can anticipate the distribution phase of a candle, where price action reveals potential liquidity targets, retracement zones, and key reversal points.



These levels offer valuable insights into order flow, revealing how price interacts with them and the sequence of movements within the market.

To enhance price analysis, the tool also monitors the average duration of manipulation and distribution phases. By blending historical timing patterns with key price levels associated with these phases, traders can conduct deeper analyses and fine-tune their strategies for better decision-making.

Although grounded in historical data, this indicator does not promise that past patterns will replicate in future market conditions. Instead, it provides a data-driven framework to identify moments when candles are likely to reverse after manipulation phases or retrace following completed distributions. This empowers traders to pinpoint potential market turning points with greater accuracy.

📦 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

• Macros: Sets the timeframe to which will be drawn.
  
• Lookback: Controls period length in days.
  
• Method: Sets the desired calculation algorithm.
  
• History: Display Macro 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 Macro 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 Macro Range Map to enhance your analysis:

• Add OHLC Macro 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


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 Macro 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.