#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.
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.
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This indicator is available for purchase as part of Galen Woods' Day Trading With Price Action Course.
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This indicator is available for purchase as part of Galen Woods' Day Trading With Price Action Course. Learn more at this URL - https://www.tradingsetupsreview.com/day-...
Warning: please read before requesting access.