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My Price Action Indicator
My Price Action Indicator is a simple tool to analyze the buying or selling pressure in the market. You can use the tool to manage the opened trades or use it as a trading strategy.
CATEGORIES: MT4, SIGNAL, INFORMATIONAL
Updated on: 01.12.2023
Are you a price action trader but find it hectic to search for valid price action patterns? Your worries are over as the ‘My Price Action’ indicator for MT4 solves this for you. Let’s learn more about the indicator in this article.
What is My Price Action Indicator?
My Price Action is a custom indicator that indicates important candlesticks where potentially a significant price change is expected. The indicator has different indications. First, it marks arrows above or below the candlesticks. The color of arrows also indicates certain price action.
However, the arrow indications cannot be considered a standalone signal for buying or selling. Therefore, you may need to understand the different indications and their interpretation before using them in your trading.
How to use the indicator?
The key principle of the indicator is based on the shadow of the candles. You get the point when a candle has a shadow below or above. It makes it easier for you to find the buying or selling pressure at a certain instance.
Save time withd software.
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