Price Action Alpha Pro MT4
- Indicators
- Version: 4.90
- Activations: 5
🚀 PRICE ACTION PRO v4.90 — The Smart Chart Pattern Scanner for MetaTrader 4
Transform how you analyze the market with Price Action Pro v4.90, the most advanced version of this powerful indicator that automatically detects key chart patterns and trend reversal or continuation signals in real time.
Forget spending hours analyzing charts manually. Price Action Pro continuously scans the market and highlights high-probability opportunities directly on your chart — now featuring context validation, breakout confirmation, and smart trade alerts.
🔍 What does Price Action Pro do? The indicator scans the market in real time and automatically identifies classic Price Action patterns, providing clear visual alerts to support your decision-making.
✨ WHAT’S NEW IN VERSION 4.90
🧠 Market Regime Filter (New) Reversal patterns are only validated within the proper market context. A Double Top requires a prior uptrend; a Double Bottom requires a prior downtrend. Fewer false signals, higher quality. (Configurable: toggle the filter ON/OFF with 1 click.)
🚦 Breakout Confirmation (New) Entry, Target (TP), and Stop (SL) suggestions only appear once the price actively breaks out of the pattern’s key level (neckline, triangle boundary, range high/low). No more premature signals — spot opportunities at the exact moment of breakout.
🎯 Guaranteed Minimum R:R (New) The indicator calculates and displays the risk-to-reward ratio for every setup (e.g., R:R 1:2.5). If a pattern offers a weak R:R, it projects an extended target to ensure at least a 1:2 ratio — helping you place targets with favorable metrics.
🔔 Trade Opportunity Alerts (New) When a valid setup forms, the indicator notifies you instantly (sound alert + push notification): "Trade Opportunity BUY [Double Top] Entry: X | Target: Y | Stop: Z".
✅ One Setup Per Pattern + Auto-Cleanup (New)
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1 suggestion per pattern: new patterns won’t overwrite an active setup (except polarity reversals, which generate a new signal).
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Auto-cleanup: once price hits the Target or Stop, the visual suggestion clears from the chart as the indicator waits for the next pattern — keeping your charts clean.
🌎 Complete PT/EN Localization (New) An on-chart language button translates everything — patterns, alerts, panel controls, buttons, and chart labels. Switch between Portuguese and English instantly.
🎨 Filled & Color-Coded Patterns (New) All chart patterns are rendered with distinct, solid fills:
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🟢 Green — Bullish patterns
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🔴 Red — Bearish patterns
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🟡 Yellow — Neutral patterns
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💜 Violet/Blue — Necklines
🚫 Mutual Signal Exclusion (New) The same bar window will never display conflicting signals (e.g., a Triple Top and Triple Bottom simultaneously). Weaker signals are automatically discarded.
🗂️ Centralized Pattern Architecture (New) All ~40 patterns are managed through a central dictionary — ensuring standardized naming, unified translations, and improved code stability.
📈 Detected Chart Patterns
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Head and Shoulders
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Inverse Head and Shoulders
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Double Top / Double Bottom
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Triple Top / Triple Bottom
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Triangles (Ascending, Descending, and Symmetric)
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Wedges (Rising and Falling)
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Bull & Bear Flags / Pennants
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Consolidation Rectangles
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Diamonds (Top and Bottom)
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Cup & Handle
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Saucer / Rounded Bottom
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Broadening Formations
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Bullish & Bearish Pivots
🕯️ Candlestick Patterns Recognized
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Hammer / Inverted Hammer
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Hanging Man / Shooting Star
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Bullish / Bearish Engulfing
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Doji
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Bullish / Bearish Harami
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Morning Star / Evening Star
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Three White Soldiers / Three Black Crows
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Piercing Pattern / Dark Cloud Cover
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Tweezer Top / Bottom
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Bullish / Bearish Marubozu
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Inside Bar / Outside Bar
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Plus multiple rejection and reversal candlestick setups.
⚡ Core Features
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Real-Time Automated Analysis: Scans continuously without requiring constant screen time. Includes an option to scan on every tick.
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Multi-Asset Compatibility: Works on Forex, Indices, Stocks, Commodities, Cryptocurrencies, and CFDs.
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Multi-Timeframe: Scales from M1/M5 scalping up to H4/D1 swing trading.
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Smart Alerts: Push notifications and audio alerts for pattern detections and actionable trade setups (with Entry, TP, SL).
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Interactive On-Chart Panel: Dedicated controls for Manual Scan, Auto-Scan, Entry/TP/SL toggle, PT/EN switch, and Minimize.
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Clean Interface: Direct, uncluttered chart display limited to 3 patterns per analysis to prevent screen clutter.
💡 Who Is It For?
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Beginner traders seeking a practical way to learn Price Action
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Intermediate traders looking to speed up technical analysis
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Advanced traders requiring structural confirmation for setups
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Scalpers, Day Traders, and Swing Traders
📈 Key Benefits
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Reduce manual chart-checking hours
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Identify setups ahead of standard market flow
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Filter out false signals via market regime validation
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Optimize entries using real-time breakout confirmation
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Manage risk systematically with minimum R:R projections
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Eliminate emotional execution errors
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Maintain an objective read on market structure
⭐ Why Choose Price Action Pro? Unlike standard indicators that lag behind price movements, Price Action Pro v4.90 analyzes structure, validates context, confirms breakouts, and only then signals the setup.
🚀 PRICE ACTION PRO v4.90 Detect patterns. Validate context. Confirm breakouts. Trade with confidence.
