Pure Price Action
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Price Action Analysis | Smart Money Concepts (SMC) | ICT-Style Market Analysis | Supply & Demand Zones | Liquidity Sweeps | Break of Structure (BOS) | Change of Character (CHoCH) | Fair Value Gaps (FVG) | Premium & Discount | Volume Analysis | Zone Touch Signals
Introduction
AXOS Pure Price Action is a professional technical analysis indicator developed for MetaTrader 4 (MT4). It combines price action, market structure, liquidity analysis, and concepts commonly associated with Smart Money Concepts (SMC) and ICT-style trading.
The indicator identifies potential supply and demand zones using liquidity sweeps, Break of Structure (BOS), and Premium/Discount validation.
It also provides zone touch signals, estimated volume information, Fair Value Gaps (FVG), market structure references, liquidity levels, and optional Moving Average trend filtering.
AXOS Pure Price Action is designed to help traders understand market structure, identify potential price reaction areas, and evaluate trading opportunities using a structured technical analysis approach.
The indicator can be used on different financial instruments and chart timeframes supported by MetaTrader 4.
AXOS Pure Price Action is a technical analysis indicator intended for manual trading decisions. It does not automatically open, modify, or close trades.
1. Supply and Demand Zone Detection
AXOS Pure Price Action uses a structured process to identify potential supply and demand zones based on price movement and market structure.
With the relevant confirmation filters enabled, the detection process includes the following conditions.
Break of Structure (BOS)
The indicator requires a qualifying Break of Structure before confirming a potential supply or demand zone when BOS confirmation is enabled.
This condition helps incorporate market structure into the zone detection process.
Premium and Discount Validation
The location of each potential zone is evaluated relative to the calculated Premium and Discount range.
When strict Premium/Discount validation is enabled:
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Demand Zones: Accepted only within the Discount area.
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Supply Zones: Accepted only within the Premium area.
Potential zones that do not satisfy the enabled conditions are excluded from the chart.
Zone Colors
Confirmed zones are displayed using customizable colors:
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Demand Zone: OrangeRed by default.
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Supply Zone: RoyalBlue by default.
The maximum number of active zones displayed on the chart can be adjusted through the indicator settings.
These confirmation conditions provide additional structural context for zone selection.
Supply and demand zones represent potential technical reference areas and do not guarantee future price reactions.
2. Zone Volume Information
Each identified supply or demand zone can display calculated volume information.
The displayed values include:
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Vol: Calculated volume associated with the zone.
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B%: Estimated buying volume percentage.
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S%: Estimated selling volume percentage.
Example
Sell Zone | Vol: 681.9K (B:46% / S:54%)
In this example:
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Calculated Volume: 681,900
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Estimated Buying Percentage: 46%
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Estimated Selling Percentage: 54%
These values are derived from the indicator's internal calculations using available broker price and volume data.
Important Volume Information for MetaTrader 4
In MT4, Forex volume data generally represents Tick Volume, rather than the actual number or monetary value of transactions executed across a centralized exchange.
The displayed buying and selling percentages are estimates calculated by the indicator.
They do not represent:
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Verified institutional order flow.
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Exact exchange-level buying and selling transactions.
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Actual pending institutional order quantities.
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Complete market-wide trading volume.
Volume information should be interpreted together with market structure, price behavior, and other technical analysis factors.
3. Zone Touch Signals
AXOS Pure Price Action monitors price interactions with previously identified supply and demand zones.
When price revisits a zone, the indicator can display a directional arrow directly on the MT4 chart.
Signal Types
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Green Arrow: Price interaction with a demand zone.
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Red Arrow: Price interaction with a supply zone.
One Signal per Continuous Zone Visit
The touch signal system is designed to display one arrow during each continuous visit to a zone.
If the price remains inside the same zone, the indicator avoids displaying repeated arrows for that continuous interaction.
If the price leaves the zone and subsequently returns, another arrow may be displayed.
This approach helps reduce repeated signals while allowing separate zone retests to be identified.
Customizable Signal Settings
Users can:
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Enable or disable zone touch signals.
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Customize the buying arrow color.
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Customize the selling arrow color.
Zone touch signals identify price interactions with technical zones. They do not independently confirm a reversal or guarantee a profitable trading opportunity.
4. Market Structure Analysis
AXOS Pure Price Action includes optional market structure visualization based on historical price swings.
The indicator can identify structural events commonly described as:
Break of Structure (BOS)
A qualifying break of a previously identified structural price level.
BOS can be used as a reference when evaluating the continuation or development of market structure.
Change of Character (CHoCH)
A structural event that may indicate a potential change in market direction.
CHoCH can help traders observe possible changes in price behavior.
Market Structure Settings
Users can:
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Enable or disable market structure visualization.
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Adjust the swing detection depth.
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Combine structural references with supply and demand zone analysis.
Market structure information can be used to evaluate the broader price environment.
BOS and CHoCH are technical classifications based on the indicator's calculation rules and do not guarantee future market direction.
5. Liquidity Levels and Sweeps
AXOS Pure Price Action includes a liquidity analysis component based on selected price swing levels.
Potential liquidity reference levels may be identified near previous highs and lows.
These levels can be marked on the chart using the:
$$$
label.
Liquidity Sweep Detection
When price moves through an identified liquidity level according to the indicator's calculation rules, that level can be marked as swept.
Swept liquidity levels may change to a gray dashed appearance, helping distinguish them from active liquidity reference levels.
Available Liquidity Settings
Users can:
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Enable or disable liquidity visualization.
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Display liquidity levels on both sides of the market.
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Show or hide swept liquidity levels.
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Adjust liquidity detection parameters.
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Customize active liquidity level colors.
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Customize swept liquidity level colors.
Liquidity reference levels are inferred from historical price structure.
They do not confirm the presence, location, size, or execution of actual institutional orders.
6. Fair Value Gaps (FVG)
AXOS Pure Price Action includes optional Fair Value Gap detection.
Fair Value Gaps are identified using relationships between price candles and are displayed as technical reference areas on the MT4 chart.
Bullish Fair Value Gap
A bullish FVG represents a potential price imbalance area identified during an upward price movement.
Bearish Fair Value Gap
A bearish FVG represents a potential price imbalance area identified during a downward price movement.
Bullish and bearish FVGs are displayed using separate customizable colors to distinguish them from supply and demand zones.
FVG Settings
Users can configure:
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FVG visibility.
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Filled or unfilled FVG display.
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Bullish FVG color.
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Bearish FVG color.
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Maximum number of active FVG areas.
Fair Value Gaps represent potential price imbalance areas based on the indicator's internal calculation rules.
An identified FVG does not guarantee that price will return to the area, fill the gap, or react in a particular direction.
7. Premium, Discount and Equilibrium
AXOS Pure Price Action includes Premium and Discount analysis based on a calculated price range.
The calculated range is divided into three reference areas.
Premium
The upper portion of the calculated price range.
Equilibrium
The 50% midpoint of the calculated price range.
Discount
The lower portion of the calculated price range.
The range is determined using the indicator's configured lookback parameters.
Strict Premium/Discount Validation
When strict Premium/Discount validation is enabled, these reference areas are also used during supply and demand zone selection.
Under this condition:
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Demand Zones: Must be located within the Discount area.
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Supply Zones: Must be located within the Premium area.
Potential zones outside the required areas are excluded when the corresponding validation condition is active.
Visual Display
Premium, Equilibrium, and Discount reference levels can be displayed directly on the MT4 chart using customizable colors.
The visual display of these reference levels can be controlled separately from the zone validation settings.
This allows users to apply Premium/Discount conditions to zone detection while independently managing the visual appearance of the chart.
8. Moving Average Trend Filter
AXOS Pure Price Action includes an optional Moving Average trend filter.
The filter provides additional trend-based conditions for the indicator's analysis.
Available Settings
InpUseMAFilter
Enables or disables the Moving Average filter.
InpMAPeriod
Defines the Moving Average calculation period.
InpMAMethod
Selects the Moving Average calculation method.
Default Configuration
The default Moving Average configuration uses a:
200-Period Exponential Moving Average (EMA 200)
Users can adjust these parameters according to their preferred analytical approach.
The Moving Average filter can be combined with supply and demand zones, market structure, and other analytical components.
9. Zone Detection and Management
AXOS Pure Price Action provides additional controls for supply and demand zone detection.
Available Parameters
InpRequireBOS
Enables or disables the BOS confirmation requirement.
InpMaxActiveZones
Defines the maximum number of active supply and demand zones displayed on the chart.
InpMinMoveBars
Defines the movement-related bar requirement used by the zone detection algorithm.
InpSwingLookback
Specifies the historical lookback period used for swing analysis.
InpMaxBars
Defines the maximum number of historical bars processed by the indicator.
These settings allow users to customize the zone detection process and control the number of zones displayed.
Changing detection parameters may affect which zones are identified.
10. Indicator Input Settings
AXOS Pure Price Action provides configurable input parameters for its technical analysis components.
Trend Filter
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InpUseMAFilter: Enable or disable the Moving Average filter.
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InpMAPeriod: Moving Average period.
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InpMAMethod: Moving Average calculation method.
Market Structure
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InpShowStructure: Show or hide market structure.
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InpSwingDepth: Swing detection depth.
Liquidity
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InpShowLiquidity: Enable or disable liquidity visualization.
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InpBothSidesLiq: Display liquidity levels on both sides of the market.
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InpShowSweptLiq: Show or hide swept liquidity levels.
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InpLiqBars: Liquidity detection parameter.
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InpLiqColor: Active liquidity level color.
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InpLiqSweptColor: Swept liquidity level color.
Zone Touch Signals
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InpShowTouchSignals: Enable or disable zone touch arrows.
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InpBuyArrowColor: Buying arrow color.
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InpSellArrowColor: Selling arrow color.
Fair Value Gaps
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InpShowFVG: Show or hide Fair Value Gaps.
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InpFVGFill: Enable or disable filled FVG display.
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InpBullFVGColor: Bullish FVG color.
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InpBearFVGColor: Bearish FVG color.
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InpMaxActiveFVG: Maximum number of active FVG areas.
Premium and Discount
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InpShowPDZones: Show or hide Premium/Discount reference levels.
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InpStrictPDRule: Enable or disable strict Premium/Discount validation.
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InpPDCookback: Lookback parameter used for Premium/Discount calculations.
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InpPremiumColor: Premium area color.
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InpEQColor: Equilibrium reference color.
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InpDiscountColor: Discount area color.
Zone Detection
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InpRequireBOS: BOS confirmation requirement.
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InpMaxActiveZones: Maximum number of active zones.
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InpMinMoveBars: Movement-related bar requirement.
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InpSwingLookback: Swing analysis lookback.
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InpMaxBars: Maximum historical bars processed.
Supply and Demand Visual Settings
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InpBuyZoneColor: Demand zone color.
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InpSellZoneColor: Supply zone color.
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InpBorderColor: Zone border color.
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InpTextColor: Zone label and volume text color.
These settings allow users to customize the indicator's analytical components and chart appearance according to their preferences.
11. Supported Markets and Timeframes
AXOS Pure Price Action can be applied to financial instruments supported by MetaTrader 4, including:
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Forex currency pairs.
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Gold (XAUUSD).
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Cryptocurrencies.
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Stock indices.
The availability of individual instruments depends on the broker.
Supported MT4 Timeframes
The indicator can be used on different MetaTrader 4 chart timeframes, including:
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M1 – 1 Minute
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M5 – 5 Minutes
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M15 – 15 Minutes
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M30 – 30 Minutes
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H1 – 1 Hour
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H4 – 4 Hours
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D1 – Daily
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W1 – Weekly
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MN1 – Monthly
The indicator's behavior may vary depending on:
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Financial instrument.
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Chart timeframe.
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Broker price and volume data.
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Available historical data.
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Selected input settings.
Users should evaluate the indicator on their preferred instruments and timeframes before making live trading decisions.
12. Suggested Analysis Workflow
A possible workflow for using AXOS Pure Price Action is:
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Open MetaTrader 4 and select a trading instrument and timeframe.
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Apply AXOS Pure Price Action to the chart.
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Review the identified liquidity levels and market structure.
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Examine supply and demand zones confirmed by the enabled detection conditions.
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Review the Premium/Discount location of the identified zones.
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Observe price behavior when it approaches a previously identified zone.
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Examine any displayed zone touch signals.
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Consider relevant Fair Value Gaps, estimated volume information, and optional Moving Average trend filtering.
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Evaluate possible trading setups using an independent trading plan.
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Determine entry, stop loss, take profit, and position size according to personal risk management rules.
The indicator provides technical reference information to support manual analysis.
It does not automatically determine, open, modify, or close trading positions.
13. Important Information and Risk Disclaimer
AXOS Pure Price Action is a technical analysis tool, not an automated trading system.
Supply and demand zones, liquidity levels, market structure events, Fair Value Gaps, and directional arrows are generated according to the indicator's internal calculation rules.
The appearance of a zone or signal does not guarantee:
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A price reversal.
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Trend continuation.
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A successful trading opportunity.
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A profitable transaction.
Volume values and estimated buying and selling percentages are calculated using available broker data.
In MetaTrader 4, Forex volume generally represents Tick Volume rather than complete exchange-level transaction volume.
These estimates should not be interpreted as verified institutional order flow or complete market-wide buying and selling activity.
Liquidity reference levels are inferred from price structure and do not confirm actual institutional order quantities.
Historical chart examples and previous price reactions do not guarantee future results.
Trading Forex, gold, indices, cryptocurrencies, and other financial instruments involves financial risk.
Users should:
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Evaluate current market conditions.
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Test the indicator with their selected settings.
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Apply appropriate position sizing.
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Use suitable stop-loss and risk management methods.
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Make independent trading decisions.
AXOS Pure Price Action does not automatically open, modify, or close trades.
14. Installation and Setup – MetaTrader 4
Follow these steps to install AXOS Pure Price Action:
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Open the MetaTrader 4 (MT4) trading platform.
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Install the MT4 version of AXOS Pure Price Action from the MQL5 Market.
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Open the chart of your preferred financial instrument.
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Select the desired timeframe.
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Locate AXOS Pure Price Action in the MT4 Navigator window.
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Attach the indicator to the chart.
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Configure the supply and demand zone detection parameters.
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Enable or disable BOS confirmation and Premium/Discount validation as needed.
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Adjust market structure, liquidity, and Fair Value Gap settings.
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Configure zone touch signals and arrow colors.
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Adjust the optional Moving Average trend filter.
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Customize zone colors and other visual settings.
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Click OK to activate the indicator.
The indicator analyzes the available historical chart data and displays the technical elements enabled in its settings.
The quality and quantity of available historical data may influence the displayed results.
15. Why Choose AXOS Pure Price Action?
AXOS Pure Price Action combines multiple technical analysis concepts in one MT4 indicator.
Key Features
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Developed for MetaTrader 4.
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Automated identification of potential supply zones.
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Automated identification of potential demand zones.
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Break of Structure (BOS) confirmation option.
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Premium/Discount zone validation.
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Market structure analysis.
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Change of Character (CHoCH) visualization.
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Liquidity reference level detection.
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Liquidity sweep identification.
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Optional display of swept liquidity levels.
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Fair Value Gap detection.
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Separate bullish and bearish FVG colors.
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Zone touch signals with directional arrows.
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One arrow per continuous zone visit.
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Additional signals for separate zone retests.
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Calculated zone volume information.
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Estimated buying and selling percentages.
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Optional Moving Average trend filter.
-
Customizable zone detection parameters.
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Adjustable swing analysis settings.
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Customizable chart colors and visual elements.
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Support for multiple financial instruments.
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Compatibility with different MT4 timeframes.
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Designed for manual technical analysis.
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No automatic trade execution.
AXOS Pure Price Action provides a structured visual approach to evaluating price action, market structure, liquidity, and potential supply and demand areas.
AXOS Development Team
ANALYZE THE STRUCTURE.
IDENTIFY THE LIQUIDITY.
DISCOVER SUPPLY AND DEMAND ZONES.
UNDERSTAND PRICE ACTION.
TRADE WITH A PLAN.
AXOS Pure Price Action – Professional Smart Money, Liquidity & Price Action Analysis for MetaTrader 4.
