Price Action Trainer

[Tams 20]

Price Action Trainer

 

 

This indicator helps the new traders to tune-in to the price bar formations

as the market unfolds.

 

It reads the Price Action at the micro level,

then prints the formation names on the screen.

 

Formations:

ib = Inside Bar

FTP = Flat Top Pennant

fbp = flat bottom pennant

ccc = congestion, convergence, centering

 

 

 

 

This indicator is in beta;

comments and suggestions are welcome.

I will collect all the suggestions and make an update when possible.

You are invited to post your renditions as well.

If you want to be notified of updates, please make sure you press the "Mark as Installed" key.

 

 

The code should run in MultiCharts and TradeStation,

but I am not sure about OEC.

I have uploaded a PLA file for MultiCharts.

TradeStation users: if you don't know how to import the code into your software,

please spend 5 mins on your users manual to find out how.

Price_Action_Trainer_(MultiCharts).pla

Price_Action_Trainer.txt

[Spydertrader 10]

Highlighting these 'formations' :o in yellow might make them stand out more.

 

- Spydertrader

[moneymarkets 10]

Thanks Tams, I like price action indicators. Much appreciated.

You post some good indicators. Thanks again.

[MKTr 10]

Thank you Tams!

 

MK

[Tams 20]

beta 0.2

 

added Harmonics and Stitches

 

 

45.84

 

 

 

supplemental usage information here:

http://www.traderslaboratory.com/forums/f34/price-volume-relationship-6320.html

Price Action Trainer beta 0.2.txt

[jojojo 10]

Could you please explain definition of stitches and harmonics?

Thanx

[Tams 20]

Could you please explain definition of stitches and harmonics?

Thanx

90.167.43

 

you can find the discussions in this thread

http://www.traderslaboratory.com/forums/f34/price-volume-relationship-6320.html

[bomberone1 10]

Are there any upgrade abuot Price Action Trainer?

[Tams 20]

Are there any upgrade abuot Price Action Trainer?

 

what kind of upgrade do you have in mind?

[bomberone1 10]

Add for example Joe Ross pattern, pesavento patterns, harmonic patters, fibonacci.

[Tams 20]

Add for example Joe Ross pattern, pesavento patterns, harmonic patters, fibonacci.

 

pesavento patterns is already posted here somewhere.

 

 

can you expand on the rest of the idea?

How do you suggest one to incorporate the ideas into Price Action Trainer?

or are you just mindlessly dropping the "buzzwords"?

 

I am looking for your contribution and collaboration,

not a wish list.

 

I am looking for your critical thinking,

I am looking for your analysis,

I am looking for your logic in trading,

and ideas to becoming a better trader.

[bomberone1 10]

These are pattern that works on price action, so my ideas is it to be included in price action trader.

[Tams 20]

These are pattern that works on price action, so my ideas is it to be included in price action trader.

 

can you give some examples as to how to implement your thoughts?

 

you can draw some diagrams, with notes on critical points, and suggestions on how to utilize your price action ideas in conjunction with the above?

[bomberone1 10]

Ohh Tams my trading idea itìs better that i don't develop or if you follow me you lost all your money.

 

I think that traders that use this trading tecnique could do this.

[Tams 20]

Ohh Tams my trading idea itìs better that i don't develop or if you follow me you lost all your money.

 

I think that traders that use this trading tecnique could do this.

 

if the ideas lose money, then why do you want to use them on an indicator?

 

 

 

 

 

ps. what have you learned from those mistakes?

lessons not learned is history waiting to be repeated.

[bomberone1 10]

The main mistake is to not insert a stop loss but to try to average the price buying again and again untill money end.

 

Tams do you copy the code from here?

 

Forums - EasyLanguage Treasure Chest

[Tams 20]

The main mistake is to not insert a stop loss but to try to average the price buying again and again untill money end.

 

...

 

if you had followed the price action,

the indicator would have told you to reverse instead of double down.

[Tams 20]

...

Tams do you copy the code from here?

 

Forums - EasyLanguage Treasure Chest

 

that's a different indicator.

 

have you compared the code?

[bomberone1 10]

What do you think it's better?

[Tams 20]

What do you think it's better?

 

one is a trainer... the other is is a swing labeller.

 

both are good indicators.

[Logic 10]

Hey Tams,

Is there somewhere that shows how to use your definitions objectively to trigger trades?

[bomberone1 10]

Couls someone convert this trainer in price action strategy?

[Tams 20]

Couls someone convert this trainer in price action strategy?

 

you can start here:

 

 

http://www.traderslaboratory.com/forums/technical-analysis/6320-price-volume-relationship.html

[outsource 10]

beta 0.2

 

added Harmonics and Stitches

 

 

45.84

 

 

 

supplemental usage information here:

The Price / Volume Relationship - Traders Laboratory - 6320

 

Hi Tums,is there one for NinjaTrader?

[Logic 10]

you can start here:

 

 

http://www.traderslaboratory.com/forums/technical-analysis/6320-price-volume-relationship.html

 

Hey TAMS, has anyone automated the method yet? Getting an answer to my previous question would be cool too, by the way, thanks