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INVITE-ONLY SCRIPT
Updated

Galen Woods Price Patterns

134 868
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.
Release Notes
Updated to Pinescript v4 with improved visuals for Congestion Zones (limited to drawing the last 200 zones). Toggle for marking Congestion Zones now available under Inputs.
Release Notes
Update comments and author's instructions
Release Notes
Increase Pressure Zone Overlap Filter max value 999 ticks

Invite-only script

Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. 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

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-trading-with-price-action/

Warning: please read our guide for invite-only scripts before requesting access.

galenwoods
Also on:
Candlestick Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Candlestick Analysis

Invite-only script

Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. 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

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-trading-with-price-action/

Warning: please read our guide for invite-only scripts before requesting access.

galenwoods
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.