galenwoods

Galen Woods Price Patterns

68125 views
84
This indicator marks five price patterns. The underlying concept of each pattern is described below.

#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.
Remove from Favorite Scripts Add to Favorite Scripts

Comments

Hi, please can allow access
Reply
galenwoods Alex75757575
@Alex75757575, this indicator is part of a trading course. You can refer to the indicator details for more information. Or PM me directly for more details.
Reply
Hi Galen,
I really appreciate it if I have this indicator.

Thanks
Huy
Reply
galenwoods ThanhHuyThanh
@ThanhHuyThanh, Hi Huy, this indicator is part of a trading course. You can refer to the indicator details for more information. Or PM me directly or more details.
Reply
Hi Galen,

Your price action indicators are great.

Please can you allow access to them for me.

Thanks
Prashant
Reply
galenwoods prashant.thombare
@prashant.thombare, I've sent you a private message. Please check it, thank you!
Reply