galenwoods

Galen Woods Price Patterns

9304 views
18
9304 3
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
Hi I was wondering how to add this price patterns script?
Reply
galenwoods elijah071
@elijah071, Hi! You can get this script by getting the course mentioned in the script description. I've also PM-ed you about it. Thanks!
Reply
Hi your indicators look great, please add me.
Reply