This indicator is meant for anyone who is learning or already trading Brooks Price Action methodology. It contains all of the most important features:
This indicator is completely free. If you would like to support my work consider buying me a coffee!
This is an indicator that helps price action traders in determining the strength of the trend and potential counter trend traps that present themselves during the move. It highlights the background of the bar at which counter trend traders that trade with stop orders (breakout entries) were able to achieve the same amount of reward as was their risk for that trade.
When there is a strong trend in effect, the counter trend traders are unable to buy above(in bear trend) or sell below (in bull trend) a bar with a stop order and get an equal reward for the risk they are taking.
This indicator is completely free. If you would like to support my work consider buying me a coffee!
This is an indicator that helps price action traders in determining the strength of the trend and potential counter trend traps that present themselves during the move. It highlights the background of the bar at which counter trend traders that trade with stop orders (breakout entries) were able to achieve the same amount of reward as was their risk for that trade.
When there is a strong trend in effect, the counter trend traders are unable to buy above(in bear trend) or sell below (in bull trend) a bar with a stop order and get an equal reward for the risk they are taking.
This indicator is completely free. If you would like to support my work consider buying me a coffee!
This is an indicator that shows minor and major swing highs and lows. With the help of Average True Range it is calculating if stop order bulls are able to make money buying above swing highs and if bears are able to make money selling below swing lows. Assumption is that if they are able to make money ( at least a scalp that is a size of an average bar based on atr ) the trend is strong and the opposite swing point is therefore major. It is possible to change the amount of bars that indicator compares to find swing points as well as atr period, label colors and show/hide minor swing points.
This indicator is completely free. If you would like to support my work consider buying me a coffee!