Price Action Trading Signals with Volume Checker
I'm offering a tool I just tweaked up with On Chart signals. It's a very simple tool that you could customize within the code if needed.
You will see Price Action bars being highlighted that can be toggled on or off and custom colorization to your choosing.
The code uses simple checks of a two-bar pattern and sometimes three. You will see the code will check volume to filter out the noise by looking for engulfing volume pattern to confirm the price bar action. :) Trading Naked is quite simple and powerful. Keep those charts clean and trade as close to real time as possible.
If you want to filter through the volume checks even more, just add a tweak to the code that will look back one bar (volume) or two (volume) and go with something like "volume > 10000". This will be security and timeframe dependent.
Use this tool to find price action patterns near your trading levels for entries and exits.
Ideally, I would like to see this script get modified to auto plot horizontal rays where I normally have to manually drop my price action levels for breakouts, breakdowns, high volume bars, etc.
Hope the community finds this helpful.
Excellent for Supply and Demand, Order Blocks trading.
Some charts will have the script "Order Blocks", offered to the community by Sonarlab. Thanks for sharing #Sonarlab
Happy Trading!
Coondawg71 aka cooney.s
You will see Price Action bars being highlighted that can be toggled on or off and custom colorization to your choosing.
The code uses simple checks of a two-bar pattern and sometimes three. You will see the code will check volume to filter out the noise by looking for engulfing volume pattern to confirm the price bar action. :) Trading Naked is quite simple and powerful. Keep those charts clean and trade as close to real time as possible.
If you want to filter through the volume checks even more, just add a tweak to the code that will look back one bar (volume) or two (volume) and go with something like "volume > 10000". This will be security and timeframe dependent.
Use this tool to find price action patterns near your trading levels for entries and exits.
Ideally, I would like to see this script get modified to auto plot horizontal rays where I normally have to manually drop my price action levels for breakouts, breakdowns, high volume bars, etc.
Hope the community finds this helpful.
Excellent for Supply and Demand, Order Blocks trading.
Some charts will have the script "Order Blocks", offered to the community by Sonarlab. Thanks for sharing #Sonarlab
Happy Trading!
Coondawg71 aka cooney.s