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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.



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.




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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.

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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?

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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.

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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.

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    • How much is the minimum deposit to trade with this broker?
    • I first time hear about Ocata 😂 All others are well-known.
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