Username or Email
Password
Forgot
New User Signup (free)
Browse
Register
Downloads / Indicators
Trading Webinars
Articles
Upgrade to Elite
Unanswered Posts
My Posts
Return to Homepage
Today's Posts
Trading Reviews and Vendors
Futures Brokers Reviews
Traders Hideout (general)
Platforms and Indicators
Trading Journals
Elite Trading Journals
Psychology and Money Management
Off-Topic
The Elite Circle
Trading Articles
Main Trading Articles Index
Article Categories
Help, Tutorials, How-To's
Traders and Trading Methods
Platforms, Tools and Indicators
Terms (Glossary)
Article Tools
List New Articles
List Recent Article Changes
Random Article
Most Popular Articles
Category Groupings
Wanted Articles
Most Linked to from Forum
Go to Page...
Quotes
by TradingView
futures io
>
Downloads
>
The Elite Circle
>
XavPriceActionTrend V2
Categories
Show
Search
Help
Search
title and description
keywords
Advanced Search
Winning nominations
What's Hot
What's New
New Ratings
Some Random Entries
Home Category
Up a Level
The Elite Circle
File sharing for Elite Members only, includes any and all platforms and file types
The Elite Circle
Filter
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
0
1
2
3
4
5
6
7
8
9
Entries
Login to Download
XavPriceActionTrend V2
This indicator identifies different market phases based on price action.
Phases
1. Up-Trend:
An up-trend is a confirmed range breakout to the up-side, a consolidation continuation, or a down-trend that pulls back Initial Range ticks over n-Periods.
2. Up-Trend Consolidation:
An up-trend consolidation period is when a new trend high has not been set in Consolidation Periods, but price has not pulled back Pull-Back Ticks.
3. Up-Trend Pull-Back:
An up-trend pull-back is when price has moved down Pull-Back Ticks from the trend high. If price pulls back Initial Range ticks over n-Periods, the market is considered to be in a new down-trend.
4. Up-Trend Breakout:
An up-trend breakout is when price moves Breakout Ticks above the current range high. If price remains above the range high for Confirmation Periods, the trend is considered an up-trend.
5. Upper Range:
If the current range is at least Tradeable Range wide, and price is in the upper Range Percentage of the range, the market is in the upper range phase.
6. Range:
The market is ranging if price is consolidating OR pulling back, BUT has not broken out of the previous high or low n-Periods from that high or low AND price has not moved Initial Range ticks over n-Periods in the same direction as a pull-back.
7. Lower Range:
If the current range is at least Tradeable Range wide, and price is in the lower Range Percentage of the range, the market is in the lower range phase.
8. Down-Trend Breakout:
A down-trend breakout is when price moves Breakout Ticks below the current range low. If price remains below the range low for Confirmation Periods, the trend is considered a down-trend.
9. Down-Trend Pull-Back:
A down-trend pull-back is when price has moved up Pull-Back Ticks from the trend low. If price pulls back Initial Range ticks over n-Periods, the market is considered to be in a new up-trend.
10. Down-Trend Consolidation:
A down-trend consolidation period is when a new trend low has not been set in Consolidation Periods, but price has not pulled back Pull-Back Ticks.
11. Down-Trend:
A down-trend is a confirmed range breakout to the down-side, a consolidation continuation, or an up-trend that pulls back Initial Range ticks over n-Periods.
Parameters
Periods, Initial Range, Tradeable Range, Pull-Back Ticks, Breakout Ticks, Confirmation Periods, & Consolidation Periods:
See Above Description
Color Outlines:
Colors candle outlines according to the current phase.
Range Lines:
Draws lines at the current range high and low. Note: This indicator updates the highs and lows based on price action. These lines could move in real time.
Range Zone:
Draws a Range Color rectangle during ranging periods from the current range start period to current bar,
Zone Opacity:
Opacity of the Range Zone rectangle.
Message Parameters
Phase Message:
Draws a text box with the current phase in the in the selected position.
Message Position:
Positions phase message in desired corner. 1=Upper-Right, 2=Lower-Right, 3=Lower-Left, 4=Upper-Left
Message Font:
Font used for phase message.
Font Size:
Font size used for phase message.
MTF Parameters
MTF:
If true, a custom MTF data-series is used to calculate market phases.
Periods:
Periods or value of custom MTF input series.
Period Type:
Type of periods used for custom MTF input series(Day, Minute, Range, Second, Tick, or Volume).
Colors
-The colors for the 11 market phases can be set by the user.
Please visit the discussion thread for a sample MTF template.
Discussion Thread:
XavPriceActionTrend Discussion
Here is the initial release of a price action based indicator I just finished up. It identifies market trend phases according to MY definition of them. You could identify these trends quicker and more accurately by looking at charts(if you have any …
Enjoy
Change-log:
9/16/12 - V1b released. Added Range Zones and Phase Message. Fixed 1 bar lag for range.
9/17/12- V1c released. Fixed pull-back to new trend bug.
9/22/12- V2 released. Added MTF capabilities. Made range max and min public dataseries. Made message customizable.
Category
The Elite Circle
Details:
XavPriceActionTrend V2
Category:
The Elite Circle
September 22nd, 2012
Size: 10.78 KB
Downloaded: 2085 times
1269
Xav1029
View Download Details
June 12th, 2018 10:59 PM
flamboyant
March 26th, 2017 02:53 PM
exiledgoblin
Looks very helpful. Any chance anyone has a version for NT8?
October 18th, 2016 08:15 PM
master trader
Great work! Really useful stuff. Thanks so much for sharing. The God of giving will give back to you.
January 26th, 2016 09:23 AM
elyt
Awesome, thanks so much. Cheers
January 26th, 2016 09:22 AM
elyt
Awesome, thanks so much. Cheers.
More...
Category
The Elite Circle
NinjaTrader
- NinjaTrader 8 Indicators and More
- NinjaTrader 6.5 Indicators
- NinjaTrader 7 Indicators
- NinjaTrader 6.5 Strategies
- NinjaTrader 7 Strategies
- NinjaTrader 6.5 Templates
- NinjaTrader 7 Templates
- NinjaTrader 6.5 Miscellaneous
- NinjaTrader 7 Miscellaneous
MetaTrader
- MetaTrader 4 Indicators
- MetaTrader 5 Indicators
TradeStation
MultiCharts
ThinkOrSwim
Sierra Chart
FXCM Strategy Trader
Matlab Functions
Educational
Free Section
True Edge Awards / Best Products
Trading Webinars How-to's
Trading Reviews & Products
Futures Broker Reviews
NinjaTrader Brokerage (Broker)
NinjaTrader Indicators to Download
Kinetick (Data Feed Provider)
IQFeed (Data Feed Provider)
Bookmap (Trading Software)
NinjaTrader (Trading Platform)
Topstep (Prop Trading)
SharkIndicators (Trading Software)
Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432,
info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us
-
Contact Us
-
Site Rules, Acceptable Use, and Terms and Conditions
-
Privacy Policy
-
Downloads
-
Top