This is an updated and improved version of my "Price Action Trading strategy". I have added two extra optional filters, one is a trend direction filter based on the MACD slow EMA(17), blue line, and the other is a RSI(7) filter which works similarly to CCI(14) but slightly different dynamics (thank you to gianfranco60 for the suggestion). Also made a couple of corrections: - input for lenLower minval=1 should be maxval=-1 - one bar pullback did not reset trigger, missing some alerts Some Notes about usage: - this is an alert indicator not a signal generator, each alert is a strong trend continuance candidate, but should be treated on it's own merits by looking at chart dynamics and market conditions. - will work well on trending markets only. - works best on the first alert after MACD cross over. - don't take trades when MACD and signal are close together. - don't trade when channel and slow MA are flat or close together or chopper (yellow and blue MA cross over quickly over short period).
Hello
I am a new trader, can you pls tell me how to download this script.
I find its interesting Price Action trading System.
can I test it, Thank you.
Antonios
Biswanath02
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@banajo12, can you add demand and supply zone with continuous super trend
shrav1988
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Hello Sir, May I know what the black candles represent. It's an interesting indicator. Thank you for the efforts.
shrav1988
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@JustUncleL Hello Sir, Please ignore my question. I got the information from code. Thank you for briefing.
srecoenator
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Hello!
Your strategy semms to me very attractive. It's possible to get signals alerts on mail or sms.
Thanks for answer.
Kind regards
JustUncleL
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@srecoenator, The TradingView Alarm system can be setup to provide SMS or email alerts.
srecoenator
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@JustUncleL, Thanks!
I will try set up my self :)
Kind regards
Biswanath02
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@JustUncleL, can you add demand and supply zone with continuous super trend.
Eazzzypj
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Hello, thank you for the strategy, I wanted to know whether you have any backtest data for this strategy
ajanismith
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Hello how are ? Thank for the help youve been to the trading community. I love this system, I was wondering if you would happen to have this system file for the mt4 Platform?
I am a new trader, can you pls tell me how to download this script.
I find its interesting Price Action trading System.
can I test it, Thank you.
Antonios