Galen Woods Price Patterns
#1: Trend Bar Failure <TBF> - failure to follow-through with a short-term thrust
#2: Deceleration - weakening thrust
#3: Anti-Climax - climactic and exhaustive price thrust
#4: Congestion Zone - sideways action <shaded zones> including breakout failures <BOF>
#5: Pressure Zones - repeated buying or selling pressure <triangles>
You can toggle their display under Style.
Inputs
Calculate On Close is selected by default. If you unselect it, it will show tentative patterns that can be helpful for anticipating setups. However, the price patterns and zones are NOT confirmed unless it remains marked after the completion of the bar.
Pressure Zone Overlap Filter (in no. of ticks) affects the thickness of the pressure zones. Higher settings filter out thin pressure zones.
Get This Indicator
This indicator is available for purchase as part of Galen Woods' Day Trading With Price Action Course.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact galenwoods directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact galenwoods directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.