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"

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

116

117

118

119

120

121

122

123

124

125

126

127

128

129

130

131

132

133

134

135

136

137

138

139

140

141

142

143

144

145

146

147

148

149

150

151

152

153

154

155

156

//============================== 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?

Find other exclusive trading pro-tools on

PRC is also on YouTube, subscribe to our channel for exclusive content and tutorials


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

jens_kittner This strategy was posted 2 years ago. I tested it today and it works perfect with the new da...

giustim Hallo I am not able to use it on daily TF What have I to change? Thanks a lot

pac.ros Ciao Francesco, ti scrivo per un aiuto a proposito della strategia di Hofmann che anch'io ho...

imokdesign Hi Everybody, when I look at the strategy I felt the need to implement a Moneymanagement-Sy...

Inertia newlevel then multiplier=multiplier+1 oldlevel=newlevel newlevel=strategyprofit+startequi...

Inertia Hi Bjoern, I was playing around with your code this morning (EUR/USD 5'). Thank you to the...

supertiti Thanks you so much Lucassen

dreif123 hi, copied the above code, not working on 10.3 the system says "return can only be used at ...

LUCASSEN Hallo , i have no problem , and i have the same versie 10.3, maybe you can ask Nicolas, tha...

verdi55 Is there such a thing as a free lunch ?

maceng Thanks Nicolas for this great work! I would like to understand the math behind it in order t...

Nicolas Sorry I have no time to provide assistance for python programmers. Have a good day.

Maz Hi all, firstly happy to know that this is helping you. I look into updating it for PRT11 wh...

Nicolas just use 3 times a linear regression channel code you will find in the library.

leederbyshire Here's the link to alternative linear regression channel indicator Nicolas is referring to t...

Nicolas Thanks for contributing to the "ichimoku section" of the prorealtime code library Don't he...

sourberry Thank you , this is a great indicator works beautifully. Could you kindly modify to scr...

pp_playaflamenca Excuse me,... reading your code about spanB: [ SenkouSpanBFutureW = (Highest[SenkouSpanPerio...

Mansoor What does COI stand for?

MikeGC Hi Mansoor, COI is the abbreviation for the Coppock indicator.

nonetheless Anyone interested in this strategy please see forum topic: https://www.prorealcode.com/topic...

zilliq The reasons why I think it's time consuming and we loose time to try to do backests and Auto...

filiprb Hello Zilliq, You don't need a system to produce a walk forward test. You can easily create...

Philip Raphael It is incredible! Thanks for sharing, Doctrading!

Yannick Thanks for sharing. This strategy is flat for 11 years and winning afterwards. Don't you thi...

Doctrading Hello, As I usually say, strategies are exposed to be improved :) So yes, I think there mu...

TradSuz C'est étrange, je note donc à nouveau les deux horaires achat et vente =9H/17H, le iRSI de l...

TradSuz Merci à Doctrading pour cette trame de code super et qui marche sur d'autres supports aussi....

Bibi83 Bonsoir à tous Juste pour vous informer que j'ai enlever les conditions short et que cela ...

Share this

Likes