Price Action Trainer - Traders Laboratory Forums

Price Action Trainer · **Released**: 05-14-2009

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.

Spydertrader · 05-14-2009, 09:53 PM

Highlighting these 'formations'

in yellow might make them stand out more.

- Spydertrader

moneymarkets · 05-15-2009, 10:42 PM

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

You post some good indicators. Thanks again.

MKTr · 11-29-2009, 02:01 PM

Thank you Tams!

MK

Tams · 12-09-2009, 11:43 AM

beta 0.2

added Harmonics and Stitches

45.84

supplemental usage information here:
http://www.traderslaboratory.com/for...ship-6320.html

jojojo · 01-08-2010, 06:50 AM

Could you please explain definition of stitches and harmonics?
Thanx

Tams · 02-13-2011, 01:42 PM

Quote:

Originally Posted by jojojo »

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/for...ship-6320.html

bomberone1 · 06-30-2011, 07:33 PM

Are there any upgrade abuot Price Action Trainer?

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The Following 17 Users Say Thank You to Tams For This Useful Post:
aaa (05-15-2009), Bob4rex (11-22-2011), ccfeldt (03-17-2011), clmacdougall (01-08-2010), DugDug (01-08-2010), michaltrade (05-18-2009), MKTr (11-29-2009), pathfinder62 (01-18-2012), shrike (12-05-2009), simterann22 (08-23-2009), Soultrader (05-14-2009), Stat (02-19-2011), statsign (02-04-2010), strader2 (09-11-2010), TIKITRADER (12-14-2009)

The Following User Says Thank You to Spydertrader For This Useful Post:
Tams (05-14-2009)

The Following User Says Thank You to moneymarkets For This Useful Post:
Tams (05-16-2009)

The Following User Says Thank You to MKTr For This Useful Post:
Tams (11-29-2009)

The Following 2 Users Say Thank You to Tams For This Useful Post:
aaa (12-12-2009), Stat (02-19-2011)