Price Action

This indicator follows Trend Action, it is an improved version although the other one is still recent.

The changes made are the method of calculation, which is intended to be simpler and more relevant.

ITF provided :

– “Price Action” applied in secondary.

– “Bubbles” for the simplified Price Action also in secondary

– “Candlestick Action” applied on the graph, it translates the impulses given by the Price Action indicator.

The Price Action indicator is composed of several candlesticks, the dark candlesticks represent the amplitude of the body of the candle, the light candlestick translates the amplitude of the wicks by giving their sense of dominance.

An average of the last 5 and 15 periods and apply to the body of the candles bullish then bearish, the same method and then calculate on the wicks of the candles to give two lines of force, either bullish or bearish depending on the configuration of the candles.

The construction of these averages gives the Bubble, which gives the direction and amplitude of the movement over a standard deviation of 1

The Bubble gives another information, when the candlestick becomes darker, it translates an impulse of the candle in court, which can be carefully considered as a point of entry, this information is also given by the visible line of strength in red and green dots, red translates a weakness, green a strength.

For easier reading, you can apply the Candlestick Action indicator on the price to see the impulses directly.

It is obvious that an indicator in no way cancels the possibility of losing, therefore, to be used with a warning, an indicator is used with a strategy, this indicator gives you information, it is up to you to develop a plan.

Yours sincerely,

//
//============================== Trend haussier

//Configuration haussière
if (close > open) then
UP = 1

else
UP = 0

endif

//Valeurs des configuration haussière
if (UP = 1)  then
VHCORP = 0 + (close - open)
VHMECH = VHCORP + (open - low)
VHBMECH = 0 - (high - close)

elsif (UP = 0) then
VHCORP = 0
VHMECH = 0
VHBMECH = 0

endif

//Valeurs moyenne des corps haussier
VMHCORP1 = summation[5] (VHCORP)
VMHCORP2 = summation[15] (VHCORP)
VMHCORP = (VMHCORP1 + VMHCORP2) / 2

//Valeurs moyenne des mèches haussière
VMHMECH1 = summation[5] (VHMECH + VBHMECH + VNHMECH)
VMHMECH2 = summation[15] (VHMECH + VBHMECH + VNHMECH)
VMHMECH = (VMHMECH1 + VMHMECH2) / 2

//Valeurs des moyenne haussière
VMH = (VMHCORP + VMHMECH) / 2

//============================== Trend baissier

//Configuration baissière
if (close < open) then
DW = 1

else
DW = 0

endif

//Valeurs des configuration baissière
if (DW = 1) then
VBCORP = 0 - (open - close)
VBMECH = VBCORP - (high - open)
VBHMECH = 0 + (close - low)

elsif (DW = 0) then
VBCORP = 0
VBMECH = 0
VBHMECH = 0

endif

//Valeurs moyenne des corps baissier
VMBCORP1 = summation[5] (VBCORP)
VMBCORP2 = summation[15] (VBCORP)
VMBCORP = (VMBCORP1 + VMBCORP2) / 2

//Valeurs moyenne des mèches baissière
VMBMECH1 = summation[5] (VBMECH + VHBMECH + VNBMECH)
VMBMECH2 = summation[15] (VBMECH + VHBMECH + VNBMECH)
VMBMECH = (VMBMECH1 + VMBMECH2) / 2

//Valeurs des moyenne hbaissière
VMB1 = (VMBCORP + VMBMECH) / 2
VMB = (VMB1 - VMB1) - VMB1


//============================== Trend neutre

//Configuration neutre
if (close = open) then
NT = 1

else
NT = 0

endif

//Valeurs des configuration neutre
if (NT = 1) then
VNHMECH = 0 + (open - low)
VNBMECH = 0 - (high - open)

elsif (NT = 0) then
VNHMECH = 0
VNBMECH = 0
endif

//============================== Configuration de la ligne de force

//Paramettre de la force
UP1 = VMH + STD[5] * 1
UP2 = VMH + STD[15] * 1
UP = (UP1 + UP2) / 2

DW1 = VMB + STD[5] * 1
DW2 = VMB + STD[15] * 1
DW = (DW1 + DW2) / 2

LDF = (UP + DW) / 2

//coloration de la ligne de force
if (LDF > LDF[1]) then
R = 13
G = 127
B = 13

elsif (LDF < LDF[1]) then
R = 127
G = 13
B = 13

endif

//============================== Configuration du nuage directionnel

//Paramettre du nuage
if (VMH > VMB) and (LDF < LDF[1]) then
drawcandle (VMH,VMB,VMH,VMB) coloured (36,147,219,70)

elsif (VMH < VMB) and (LDF < LDF[1]) then
drawcandle (VMH,VMB,VMH,VMB) coloured (101,101,101,70)

elsif (VMH > VMB) and (LDF > LDF[1]) and (close-open > high-close) then
drawcandle (VMH,VMB,VMH,VMB) coloured (36,147,219,170)

elsif (VMH < VMB) and (LDF > LDF[1]) and (open-close > close-low) then
drawcandle (VMH,VMB,VMH,VMB) coloured (101,101,101,170)

elsif (VMH > VMB) and (LDF > LDF[1]) and (close < open) then
drawcandle (VMH,VMB,VMH,VMB) coloured (36,147,219,70)

elsif (VMH < VMB) and (LDF > LDF[1]) and (close > open) then
drawcandle (VMH,VMB,VMH,VMB) coloured (101,101,101,70)

elsif (VMH > VMB) and (LDF > LDF[1]) and (high-close > close-open) then
drawcandle (VMH,VMB,VMH,VMB) coloured (36,147,219,70)

elsif (VMH < VMB) and (LDF > LDF[1]) and (close-low > open-close) then
drawcandle (VMH,VMB,VMH,VMB) coloured (101,101,101,70)

endif

//============================== Fin

return VHCORP coloured (36,147,219) style (histogram,1) as "HCorp" , VHMECH coloured (36,147,219,50) style (histogram,1) as "HMeche" , VHBMECH coloured (101,101,101,50) style (histogram,1) as "HBMeche" , VBCORP coloured (101,101,101) style (histogram,1) as "BCorp" , VBMECH coloured (101,101,101,50) style (histogram,1) as "BMeche" , VBHMECH coloured (36,147,219,50) style (histogram,1) as "BHMeche" , VNHMECH coloured (36,147,219,50) style (histogram,1) as "HMeche Doji" , VNBMECH coloured (101,101,101,50) style (histogram,1) as "BMeche Doji" , LDF coloured (R,G,B) style (point,2) as "Force"

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//============================== Trend haussier

//Configuration haussière

if (close > open) then

UP = 1

else

UP = 0

endif

//Valeurs des configuration haussière

if (UP = 1) then

VHCORP = 0 + (close - open)

VHMECH = VHCORP + (open - low)

VHBMECH = 0 - (high - close)

elsif (UP = 0) then

VHCORP = 0

VHMECH = 0

VHBMECH = 0

endif

//Valeurs moyenne des corps haussier

VMHCORP1 = summation[5] (VHCORP)

VMHCORP2 = summation[15] (VHCORP)

VMHCORP = (VMHCORP1 + VMHCORP2) / 2

//Valeurs moyenne des mèches haussière

VMHMECH1 = summation[5] (VHMECH + VBHMECH + VNHMECH)

VMHMECH2 = summation[15] (VHMECH + VBHMECH + VNHMECH)

VMHMECH = (VMHMECH1 + VMHMECH2) / 2

//Valeurs des moyenne haussière

VMH = (VMHCORP + VMHMECH) / 2

//============================== Trend baissier

//Configuration baissière

if (close < open) then

DW = 1

else

DW = 0

endif

//Valeurs des configuration baissière

if (DW = 1) then

VBCORP = 0 - (open - close)

VBMECH = VBCORP - (high - open)

VBHMECH = 0 + (close - low)

elsif (DW = 0) then

VBCORP = 0

VBMECH = 0

VBHMECH = 0

endif

//Valeurs moyenne des corps baissier

VMBCORP1 = summation[5] (VBCORP)

VMBCORP2 = summation[15] (VBCORP)

VMBCORP = (VMBCORP1 + VMBCORP2) / 2

//Valeurs moyenne des mèches baissière

VMBMECH1 = summation[5] (VBMECH + VHBMECH + VNBMECH)

VMBMECH2 = summation[15] (VBMECH + VHBMECH + VNBMECH)

VMBMECH = (VMBMECH1 + VMBMECH2) / 2

//Valeurs des moyenne hbaissière

VMB1 = (VMBCORP + VMBMECH) / 2

VMB = (VMB1 - VMB1) - VMB1

//============================== Trend neutre

//Configuration neutre

if (close = open) then

NT = 1

else

NT = 0

endif

//Valeurs des configuration neutre

if (NT = 1) then

VNHMECH = 0 + (open - low)

VNBMECH = 0 - (high - open)

elsif (NT = 0) then

VNHMECH = 0

VNBMECH = 0

endif

//============================== Configuration de la ligne de force

//Paramettre de la force

UP1 = VMH + STD[5] * 1

UP2 = VMH + STD[15] * 1

UP = (UP1 + UP2) / 2

DW1 = VMB + STD[5] * 1

DW2 = VMB + STD[15] * 1

DW = (DW1 + DW2) / 2

LDF = (UP + DW) / 2

//coloration de la ligne de force

if (LDF > LDF[1]) then

R = 13

G = 127

B = 13

elsif (LDF < LDF[1]) then

R = 127

G = 13

B = 13

endif

//============================== Configuration du nuage directionnel

//Paramettre du nuage

if (VMH > VMB) and (LDF < LDF[1]) then

drawcandle (VMH,VMB,VMH,VMB) coloured (36,147,219,70)

elsif (VMH < VMB) and (LDF < LDF[1]) then

drawcandle (VMH,VMB,VMH,VMB) coloured (101,101,101,70)

elsif (VMH > VMB) and (LDF > LDF[1]) and (close-open > high-close) then

drawcandle (VMH,VMB,VMH,VMB) coloured (36,147,219,170)

elsif (VMH < VMB) and (LDF > LDF[1]) and (open-close > close-low) then

drawcandle (VMH,VMB,VMH,VMB) coloured (101,101,101,170)

elsif (VMH > VMB) and (LDF > LDF[1]) and (close < open) then

drawcandle (VMH,VMB,VMH,VMB) coloured (36,147,219,70)

elsif (VMH < VMB) and (LDF > LDF[1]) and (close > open) then

drawcandle (VMH,VMB,VMH,VMB) coloured (101,101,101,70)

elsif (VMH > VMB) and (LDF > LDF[1]) and (high-close > close-open) then

drawcandle (VMH,VMB,VMH,VMB) coloured (36,147,219,70)

elsif (VMH < VMB) and (LDF > LDF[1]) and (close-low > open-close) then

drawcandle (VMH,VMB,VMH,VMB) coloured (101,101,101,70)

endif

//============================== Fin

return VHCORP coloured (36,147,219) style (histogram,1) as "HCorp" , VHMECH coloured (36,147,219,50) style (histogram,1) as "HMeche" , VHBMECH coloured (101,101,101,50) style (histogram,1) as "HBMeche" , VBCORP coloured (101,101,101) style (histogram,1) as "BCorp" , VBMECH coloured (101,101,101,50) style (histogram,1) as "BMeche" , VBHMECH coloured (36,147,219,50) style (histogram,1) as "BHMeche" , VNHMECH coloured (36,147,219,50) style (histogram,1) as "HMeche Doji" , VNBMECH coloured (101,101,101,50) style (histogram,1) as "BMeche Doji" , LDF coloured (R,G,B) style (point,2) as "Force"

Force price action trend following

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments :

Filename : download the ITF files

How to import ITF files into ProRealTime platform?

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ferros • 09/15/2020 #
bonjour , super votre indicateur!!!!
est-il possible de l’avoir en histograme +1 /-1 por en faire ensuite un screener ? j’ai essayé mais trop compliqué pour moi

winnie37 yes. "No ground breaking math here, but I am finding very useful and some algo based on it i...

Jan Wind Also interesting to know what does not work, which set up you use, saves me investigating ! ...

winnie37 i just set the proorder like this: buy when 50/100/200 phase >0 and sell when under 0, go...

nfulcher Please could someone explain how the following code is calculated:- iDI = TEMA[3](DI[DI2]...

oakenstream Jan, I find sometimes that the priceexit variable is never set. It seems to happen when the ...

Matt66612 I do not understand the first time I launch the backtest I got the same result as you. but ...

Kris75 Hi, This is great !! anyone ever developped a strategy about it ???

swapping hello Kris75, not that I know but it is possible to make a scenario ;)

digitation Hi swapping, Thanks for sharing this useful tool. I was wondering how difficult it would be...

Janfi Hello, I'm new to ProRealCode and I do not understand the following summation[n](indicator...

Kaci It seems he's just checking that the previous MACD is < 0 for maximum one period ? I'...

Daniel Martin Hi do you know how have and entry after the second cross? There is crosses below 0 and cross...

AlexWoe89 Hi, thanks for the code. Do you have an idea, if you can also draw pre-market data on char...

Thomas Hello swapping. Very good idea. Can I use and modify the code? I would like to add a few mor...

Razz Hello swapping the indicator is very good! Can you tell me how I can add 2 lines in the dist...

swapping Hello wanjpt, I do not see how to do it because the calculation is for 12 candles of 5mn onl...

wanjpt Thanks swapping.

Thomas @wanjpt https://www.prorealcode.com/prorealtime-indicators/opening-range-eur-with-close-and...

Vonasi Forum discussion on these indicators can be found here: https://www.prorealcode.com/topic/av...

jennr29 Hi. Is it possible to convert this code to an mq4 file?

Nicolas Sorry but our website is dedicated to prorealtime programming. However, you can ask for priv...

Leo Does it opens pending orders?... maybe they were not trigger.

Mattzi Dont know, all i can see is that it opened an order yesterday in backtest but not live. Th...

Jean-Christophe Hello Leo, when running the strategy from 29/12/2015 to 31/08/2018 on ProRealTime Premium, I...

Gordon101 Hi when I added your Guppy indicator to my chart it went below the chart beside the oscilla...

Nicolas Add it on the price by using the wrench located on the left upper side of your price chart.

Gordon101 Thanks Nicolas, worked a treat.

Geronima Ortiz I watched the video three times, but I can not put the npips parameter as a variable. I do...

Geronima Ortiz I think the video is for an old version of prorealtime, the images do not correspond at all ...

Nicolas indicator1 = CALL “PRC_StopReversal”[npips, 1] and define npips in the optimization window ...

Caribeengeek Bonjour j’avais vu que vous proposiez d’écrire des codes pour ceux qui s’y connaisse pas Mai...

Caribeengeek Les devises unité

Nicolas Merci d'utiliser le forum pour les demandes de programmation personnalisée

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