ICT Handle Counter

21 dic 2023

The "Handle Counter" is a unique TradingView script designed for ease and effectiveness in tracking price movements. It's particularly useful for traders who follow ICT methodologies. Users manually input their trade entry price, and the script then dynamically calculates and displays the number of Handles, or price changes, in a clear box above the latest candle on the chart. This real-time updating feature provides traders with crucial, current data on price movement, aiding in informed decision-making and a better understanding of market dynamics.

The "Handle Counter" script operates in the following way:

User Input: It starts by allowing you to input your trade's entry price. This is the price level from which the script will measure price movement.

Handles Calculation: The script calculates "Handles," which represent the price difference from your entry point to the current market price. This is done using a mathematical formula that finds the absolute value of this difference.

Display Mechanism: The calculated Handles are then displayed in a box, which is positioned above the latest candle on your trading chart. This box updates in real-time, giving you an ongoing view of how many Handles (price changes) have occurred since your entry point.

This script is designed to be straightforward and easy to use, providing clear, real-time information.

How to use:

1. Add the Indicator.
   
2. Open the Menu by clicking on the 'Settings' icon.
   
3. Navigate to the 'Inputs' tab and enter your entry price.
   
4. Click 'OK.' The indicator should immediately place a box above the latest candle, showing the current handles.
   

Additional Settings

• Change Color of the Box
  
• Change Color of the Font