MoT - [Analyst] - Action Locator


Action Locator is a great tool to find ranging markets and trends. It tells you nothing about the direction of the market, but tracks volatility very well.

Blue bars (above) = There is ACTION in the market -- signals it should be safe to trade
Gray bars (above) = No ACTION - DO NOT TRADE!

Teal bars (below) = There is force behind the ACTION!
Gray bars (below) = Less volatility in the market, be careful!


AUDNZD on the 4HR Time Frame


- In the Top Panel we have our version of Accumulation and Distribution with an SMA added to Identify a trend in ACC / DIST a little easier and earlier.

- On the Chart we have the Chart version of the Berlin Range Index which changes the Candle Colour to match the conditions of the indicator.

- Below the chart we have our panel version of the Berlin Range Index.

- In the Bottom Panel we have this Indicator, our action locator tool which is also extremely powerful at identifying ranging markets and trends.


Many Thanks and Trade Safe!

To request access to this indicator, please use the links provided below

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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