• Overview
  • Reviews (5)
  • Comments (133)
  • What's new

Price Action Real Power

PRICE ACTION REAL POWER is an indicator that works on the author's exclusive algorithm for determining trend movements.

Unlike other traditional indicators, PRICE ACTION REAL POWER doesn’t analyze the quotes of a currency pair, but calculates the specific weight of the currencies in a pair concerning to the entire market basket!!!

Further - the received value about the true strength of the two currencies included in a currency pair is compared to each other in the form of a special chart, which defines the beginning and the end of trend movements much more accurately and faster.

Benefits of PRICE ACTION REAL POWER

  • Shows the beginning and the end of a trend earlier than most other indicators.
  • Resistant to flat and sawtooth trends, in which other indicators get confused and show conflicting data.
  • Resistant to speculative zigzag price spikes.Non-repainted! You can check for on a long history of quotation.
  • Works well on the timeframe from M15 and higher.

ATTENTION: PRICE ACTION REAL POWER doesn’t work in the MT4 tester, as in Meta Trader 4 strategy tester is impossible to analyze the entire market basket at once!! Thus, the PRICE ACTION REAL POWER indicator only works on live quotes.

For the convenience of tracking the beginning and the end of market cycles, the indicator has special built in alert, which, in the form of an audiovisual signal, will inform you in time about the emergence of new conditions for trading!

Manual settings of the PRICE ACTION REAL POWER indicator:

  • Alert_level - audiovisual signal level
  • Power_Method - method for calculating currency strength
  • Power_Price - smoothing parameter for calculating data of market strength
  • Power_Fast - period of fast line of the indicator
  • Power_Slow - period of slow line of the indicator
  • USD EUR GBP CHF JPY AUD CAD NZD TRUE / FALSE - enable / disable currency for weighted analysis of a basket of market currencies
  • History_bars - the number of bars displaying the strength of the market


Thechaser
115
Thechaser 2018.12.12 20:29 
 

The indicator is good, great support from the author.

sunnychow
3099
sunnychow 2018.12.11 15:38 
 

Good tools.

chookiat lichai
151
chookiat lichai 2018.12.05 18:27 
 

Great !!!

Paulus Nangoy
2095
Paulus Nangoy 2018.11.28 11:12 
 

Love the product and the support! thank you!

DTChrisLP
599
DTChrisLP 2018.11.25 11:40 
 

In combination with other indicator Top! Great support from Igor!

Version 2.8 2018.12.03
Added the function to automatically set the Take Profit level when crossing the "0" level and when crossing the auxiliary levels.
Version 2.7 2018.11.27
Added the ability to disable the visualization function (on/of visualization option) on the quotes chart.
Version 2.6 2018.11.21
Added the function to send PUSH and e-mail notifications when the indicator line crosses signal levels.
Version 2.5 2018.11.01
1. Added levels for partial or full closing of trading positions.
2. Added alerts about reaching target levels by quotes.

Attention - levels are optimized for H4 timeframe. To use this levels on other timeframes, change their values.
Version 2.4 2018.10.30
1. Added the function of calculating the length of profitable and unprofitable waves in the history of quotations - it is convenient to use to configure money management. To use this function, set the correct value for the manual variable "Minimum profit points". Then higher the timeframe, then greater the value of the variable.

2. Added scoreboard display information on charts.
Version 2.3 2018.10.24
The indicator code has been optimized to speed up its performance.
Version 2.2 2018.10.23
Fixed an error updating the indicator chart on a new bar.
Version 2.1 2018.10.23
Added the ability to work on currency pairs that have a name with a suffix. To work on currency pairs with a suffix, enter the suffix in the manual settings of the indicator.