All About Price Action - page 4

[Sergey Golubev]

Price Action Analysis Toolkit Development (Part 17): TrendLoom EA Tool

Market analysis and entry confirmation methods differ among trend analysts. Many traders review multiple timeframes such as M1, M5 and M15 or H1, H4 and W1 to validate their entries and boost signal reliability. Instead of changing timeframes to gauge the overall trend, you simply press a button and get an on-time update or get updated automatically. Have you ever seen a lower timeframe selling, entered a trade, and then opened a higher timeframe chart only to discover a buying trend?

[Sergey Golubev]

Price Action Toolkit Development (Part 18): Introducing Quarters Theory (III) — Quarters Board

In our introduction to Quarters Theory, we began with the Quarters Drawer script, which is its first component. This script automates drawing quarter levels on a chart and features Boolean toggles to control the visibility of each level.

[Sergey Golubev]

Price Action Analysis Toolkit Development (Part 20): External Flow (IV) — Correlation Pathfinder

This article explains how to add currency correlation analysis to your trading toolkit. It offers practical insights and actionable strategies to enhance trading performance.

[Sergey Golubev]

Price Action Analysis Toolkit Development (Part 21): Market Structure Flip Detector Tool

This EA tackles one of the toughest challenges in trading: false reversal signals. Choppy price action throws off simple pivot routines, trapping traders in whipsaws. The Market Structure Flip Detector solves this by converting ATR into a flexible bar-count filter. It ignores minor swings, captures only valid highs and lows, and then flags a bearish flip when a higher-high becomes a lower-high or a bullish flip when a lower-low turns into a higher-low.

[Sergey Golubev]

Price Action Analysis Toolkit Development (Part 22): Correlation Dashboard

Correlation is a statistical measure of how two variables move in relation to one another. Financial markets reflect the degree to which two instruments rise and fall together (positive correlation) or in opposite directions (negative correlation). Importantly, correlation describes relationships, not causation.

[Sergey Golubev]

Price Action Analysis Toolkit Development (Part 23): Currency Strength Meter

In this article, we will develop an MQL5 tool that measures currency strength by analyzing each symbol’s performance across multiple pairs. This approach enables you to identify the strongest and weakest currencies reliably, empowering you to trade with greater confidence.

[Antoine Melhem]

From your experience, what part of it actually worked for you in live trading?

Structure? Breakouts? Candlestick patterns?  

Would love to hear what gave you the most consistent results in real conditions

[Sergey Golubev]

Price Action Analysis Toolkit Development (Part 24): Price Action Quantification Analysis Tool

We’ve developed the Price Action Quantification Analysis EA for MetaTrader 5 to address this challenge. This Expert Advisor:

1. Automatically scans a configurable number of recent bars for four widely respected price‑action patterns.
2. Marks each detected pattern on the chart with arrows and labels, offering clear visual cues.
3. Issues alert and records the subsequent bar’s pip movement to help you gauge signal strength.
4. Provides built‑in backtest statistics by treating each pattern as a “trade” and calculating an overall win rate.

In the following sections, we’ll dive into the EA’s structure, walk through its customizable settings, and show how its performance metrics can sharpen your price‑action trading approach. Let’s start by exploring the specific candlestick patterns this EA watches for, examining each candle’s anatomy and the calculations used to pinpoint them.

[Sergey Golubev]

Price Action Analysis Toolkit Development (Part 26): Pin Bar, Engulfing Patterns and RSI Divergence (Multi-Pattern) Tool

In my previous article, I focused on identifying four candlestick formations: pin bar, doji, engulfing, and marubozu. These patterns were used to generate buy or sell signals immediately upon recognition. However, this approach sometimes produced false signals because the confirmation relied solely on pattern recognition without additional filters.

This article introduces a new tool that concentrates on two key patterns: pin bar and engulfing. These patterns are combined with RSI divergence to confirm each signal. RSI divergence is a tool I developed in the past as a standalone indicator based on price action. By integrating pattern recognition with RSI divergence, we create a more robust and powerful analytical method, offering more profound insights and improving trading accuracy through comprehensive price action analysis.

[Sergey Golubev]

Price Action Analysis Toolkit Development (Part 27): Liquidity Sweep With MA Filter Tool

In this article, we will develop an MQL5 Expert Advisor designed to identify liquidity sweeps as they unfold. The EA begins by analyzing candles that break below or above previous swing points, then close back within the range, indicators of potential liquidity absorption. It incorporates optional filters, such as candlestick color changes or moving average confirmations, to ensure the signals align with your market bias. When a valid pattern is detected, the EA visually marks it on the chart with arrows or labels and generates an alert.

By the end of the tutorial, you will have a comprehensive, clear, and straightforward Expert Advisor highlighting liquidity sweeps immediately. You will learn how the EA detects these specific market patterns, how it employs filters to reduce false signals, and how it helps you stay aligned with the actions of the smart money. With this tool in your arsenal, you can anticipate institutional moves before they trap your stop-loss, providing a strategic advantage in any trading environment.