Price Action Made Simple

This is a Color-Coded Price Action Indicator. Simply put, it analyzes market momentum, candlestick patterns, and a 20-period trendline (EMA) behind the scenes, and then paints the candles on your chart different colors to tell you exactly who is in control of the market.

Instead of guessing whether a trend is strong, weak, or reversing, you can just look at the colors.

Timeframes and Instrument:

This is based on basic price action, so works on every instrument and on any timeframe, but the preferable TF is 5 Minutes. This is like a piano guide; you have to decide which tune you would like to play.

🎨 The Candlestick Color Cheat Sheet

1. The Power Moves (Strong Trends)

These colors show that either buyers or sellers have taken total control of the market.

• Dark Blue (Strong Bull Bar): Massive buying pressure. The price is breaking above recent highs. Action: Look for buying opportunities.

• Dark Red (Strong Bear Bar): Massive selling pressure. The price is breaking below recent lows. Action: Look for selling opportunities.

2. The Standard Trends

These are healthy, normal trending moves.

• Blue (Normal Bull Bar): A solid upward candle closing above the moving average. Buyers are in control.

• Red (Normal Bear Bar): A solid downward candle closing below the moving average. Sellers are in control.

3. The Pullbacks (Hidden Opportunities)

These colors are highly valuable. They highlight moments where the market is taking a quick breather against the main trend, which often provides great entry points.

• Pink (Weak Bear Bar): The market is dropping slightly, but the overall trend is still UP. This is a pullback. Action: Watch for the upward trend to resume (Buy the dip).

• Yellow (Weak Bull Bar): The market is bouncing slightly, but the overall trend is still DOWN. This is a pullback. Action: Watch for the downward trend to resume (Sell the rally).

4. Warning & Action Candles

These colors signal that the market is either resting or fighting for direction.

• Grey (Indecision Bar): The market is confused. The price pushed one way but closed in the middle. Action: Wait for a clearer signal.

• Inside Bars (dark green for bull/brown for bear): The candle is completely trapped inside the previous candle's range. Action: Get ready for a breakout in either direction.

• Outside Bars (Lime for bull/purple for bear): The candle completely swallows the previous candle (an engulfing pattern). Action: Look to trade the pullback.

🔔 Built-In Alerts

You don't need to stare at the charts all day. The indicator is programmed to send you an alert the exact moment a candle fully closes and confirms one of these specific patterns.

Pro-Tip for Customers: You can turn individual alerts on or off in the settings! If you only want to trade "Strong Bull/Bear" bars, simply turn the other alerts off to keep your trading screen quiet and focused. Also,

 Best works with 20EMA, 100EMA and 400EMA combined, these will make you understand the market context and then you can focus on the particular color to make trade accurately and confidently.

For any questions: mail me at: vigyat33@gmail.com