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Price Action Triggers

2

Price Action Triggers indicator uses the purest form of data available in the market (price action) to determine the entry triggers. The signals are formed by observing the shape, positioning and relative size of the candles. The triggers will appear once either a single or a multi candle setup is detected.

It is important to note that the triggers will not observe the broader direction of the market (market sentiment). Thus the indicator should not be used as a stand-alone trading system. The Price Action Triggers work great when you have determined the market sentiment and know which triggers to take.‌

N‌B! All the arrows appear at the start of the candle they locate on and will not repaint!

T‌he indicator works on all timeframes and symbols, but it is recommended to use it on bigger timeframes (H4 and up) since price action analysis principles work better the bigger the timeframe.


‌Inputs

  • Alerts - if true, the indicator sends an alert notification to the MetaTrader 4 terminal when any of the arrows appear along with the symbol name the event happened on.
  • Push notifications - if true, the indicator sends a push notification when any of the arrows appear along with the symbol name the event happened on.
  • Emails - if true, the indicator sends an email when any of the arrows appear along with the symbol name the event happened on.
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Stephen Sanjeeve Sahayam
5 (3)
Cet indicateur examine chaque barre pour la pression d'achat ou de vente et identifie 4 types de modèles de bougies avec le volume le plus élevé. Ces bougies sont ensuite filtrées à l'aide de plusieurs filtres linéaires pour afficher les signaux d'achat ou de vente. Les signaux fonctionnent mieux, en conjonction avec une direction temporelle plus élevée et lorsqu'ils sont négociés pendant les heures de volume élevé. Tous les filtres sont personnalisables et fonctionnent indépendamment. Peut aff
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Price Action Strength indicator uses the purest form of data available in the market (price action) to indicate the strength of the market move. Reading price action and measuring its strength is a subjective matter and it is a technique that takes years to master. The purpose of the indicator is to make the reading of the price action strength as objective as possible. The indicator is far more advanced then default oscillators, because in addition to the price movement and its direction, the P
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Michele dL
268
Michele dL 2020.12.10 11:31 
 

This indicator is of no use, unless purchased with Price Action Strength indicator. But even then, it just keeps giving a lot of signals, which personally didn't really help me on a H4 time frame. For what it is, I think it is quite overpriced.

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Version 4.1 2018.10.10
Fixed charting error.
Version 4.0 2018.10.10
Version 4.0 Updates:
- Added inputs & features:
* 'Sentiment range candles' - allow triggers this amount of candles after a sentiment change (requires Price Action Strength);
* 'Avg price filter' - allow triggers only if new entry would improve average entry price (assuming the position will exit on an opposite signal);
- Improved indicator buffer calculations, got rid of double signals on chart refresh;
Version 3.0 2018.09.24
- New input 'Show only latest signal'. If this is enabled, the indicator shows only the most recent arrow/signal
- Compatibility with RM Trading Solutions 'Price Action Strength' indicator