KG Price Action Detector Indicator helps to identify the price movements on the current bar for any TF. Before you place an order, it’s very important to know the strength of buyers and sellers and compare the current price direction with the other timeframes.
The indicator is shown as three Arrow column on your chart:
Buyer/Seller strength on current candle:
- Up arrow: Bears are stronger than Bulls
- Down arrow: Bulls are stronger than Bears
Open/Close Price positions on current candle:
- Up arrow: Close price is higher than Open price
- Down arrow: Close price is lower than Open price.
Previous candle Close and current candle Close price positions:
- Up arrow: current bar Close price is higher than previous bar Close price
- Down arrow: current bar Close price is lower than previous Close price
You can use this indicator with any trading system and style.
- File: KG Price Action Detector.ex4
- Size: 22 Kb