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Price Action Indicator

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christof21
9
christof21  

Hi guys, just signed up as it seemed like a good place to start looking for help with an indicator.

I'm looking for a price action indicator.

It would need to mark off the swing highs and swing lows on a given time chart.

Is there already such a indicator, or does someone have any idea on how to code one?

Cheers

winner9
9
winner9  

Hello everybody I am beginner

who is newby to Forex.I am really amaze just by trading Forex can make a living.So I hpe that I can learn to trade Forex from all of you 'Expert Trader'.who had posted all their experiences ,ideas and afford in how to be a expert trader.

I would like say Thank you to each an every of you.

winner5308

FXSamurai
96
FXSamurai  
christof21:
Hi guys, just signed up as it seemed like a good place to start looking for help with an indicator.I'm looking for a price action indicator.It would need to mark off the swing highs and swing lows on a given time chart.Is there already such a indicator, or does someone have any idea on how to code one?Cheers

What you describe applies to almost all indicators that are commonly used: RSI, MACD, Stochastic, CCI, TRIX, ROC, ADX, Bollinger Bands, Keltner Channels, Fibonacci levels, etc..., etc... If there was one single indicator that would do what you describe perfectly, in all cases, then trading would be a piece of cake, for just about anyone... As a matter of fact, price action is an indicator by itself as well.

You'll have to do the necessary research into all of these, and find a strategy that fits your personality and circumstances, and pick the right indicators for that, as well as their right settings.

There are many many possibilities, and you will find tons of ideas for this even just by browsing forums such as these, and doing a couple of searches with search engines like Google.

One suggestion: try to keep things as simple as you can, as much as possible. Use at most 3 off-chart indicators (such as Stoch, CCI, etc...) at a time, for any type of system.

Good luck with it.

dustin82
22
dustin82  

You can start trying the simplest ones, maybe an oscillator or maybe the momentum indicator can also give you what you are looking for.

Shell25
24
Shell25  

You can try to find what better fits your strategy, there are a few good ones to analyze the trend, though you can also consider starting to analyze the price I mean to become just a price action trader without using indicators, just S/R.

T-rex
31
T-rex  

I will agree pattern recognition, I've been doing great with some patterns. And take into account having a good platform with fast execution.

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