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

elcortijoverde Gracias Iván,...sigo tus videos en Youtube. Ya estoy con la V12 y se descarga, pero algo est...

elcortijoverde Bueno, ya aparecen las velas, pero ahora, cada fin de vela aparece un nuevo pronóstico y no ...

Roger Gracias por compartir, pero no tengo ninguna predicción. @Ivan @elcortijoverde ¿qué modifica...

MaoRai54 Thanks, now it's OK. in your first code at line 15-16 it's missing.

Madrosat Hello Ivan Did you try a strategy with this indicator

Iván Hi. No I didn't. This is a code translation requested by an user a few days ago.

JohnScher Postscript: It's running in the live right now. One position after the other is opened. ...

ullle73 nice!! how's it been since your last post on going live? :)

thomas2004ch Hi, Is this strategy suitable for daily SPY? Regards

AndPar Buongiorno Nicolas, vorrei provare questo indicatore, ma quando lo inserisco in PRT mi vengo...

Nicolas Basta aggiungerlo al prezzo https://www.prorealcode.com/blog/video-tutorials/how-to-add-an-i...

Aragorna hello Nicolas, this indicator works with the last Beta version of PRT? Ive seen tha many in...

Darren Nash I found this works well on the DOW

thomas2004ch Hi John, Is your strategy suitable for daily SPY? Regards

gatowman Hi, ich bin leider Anfänger, habe den Code zwar importiert, aber scheinbar läuft er nicht au...

Nicolas change the last line with: return v coloured(r,g,b) style(line,2), v+band coloured(168,168,1...

Paolo.B Thanks ... works as i wanted.

Kanamax Bonjour Nicolas, comme Paolo.B je souhaiterais utiliser cette indicateur au sein d'un code. ...

Boris Hi IVMcm, thanks for your amazing work. I have tested all of your indicators and use some of...

IV Mcm With pleasure and thanks!

ashiash how to use this indicator can i use tradingview platform

Finning Hi JuanJ, just a question about the tollerance*pointsize. I know what it is/what it does (in...

JOKAMAURICE Hi I am looking to number bars in a chart to ease analysis. Any idea if a program has been d...

goldenfish67 Hi guys just copied the code but I keep getting an error message: "Line 15 one of the fo...

herke036 For the question how to fill the variables a,b,c,d,e,f,g, x and y? a,b,c,d,e,f,g is selecti...

herke036 In your code I see If onmarket = 0 and Type22 = 1 and hora1 and hora2 Then If InsideBar[1]...

UkDownUnder How do we apply this to a strategy we have made, Thanks

idunnomuch IS this working in the latest version of prorealtime? I get the indicator, but not over my c...

bernardmorel egalement apparait en dessous du graphique mais vide

bernardmorel Bonjour est t il possible de remettre en ligne the strat car il y a une indication qui d...

Pensera Bonjour Nicolas, comment est-il possible de backtester cet indicateur? cela fait une erreu...

Nicolas Oui bien sûr, il doit y avoir pas mal de sujets dans le forum à ce propos.

simmerseb Bonjour, merci beaucoup pour cet indicateur je le trouve très clair et pertinent.

Manu L. Bonjour Nicolas, j'ai créé un screener avec l'aide à la prog en TF weekly mais je voudrai...

wtangsiri C'est exactement le même signal que donne le croisement et le décroisement de deux EMA (7 et...

PHAN100 bonjour, j'ai un bug sur le programme recopié prorealtime me dit qu'il y a un problème à ...

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