Price Action Indicator

11월 8일

This indicator is based on Price Action

• Trend bar would be filled with Red/Green
  
• Reversal bar would be tagged
  

11월 8일

릴리즈 노트

• Enhance Trend Bar accuracy
  
• Enhance Reversal Bar accuracy
  
• Three EMA 20 in 5m, 15m and 60m respectively
  

11월 9일

릴리즈 노트

Al Brooks Price Action Indicator – Bar-by-Bar Analysis for Serious Traders

This indicator faithfully implements the core price action concepts from Al Brooks’ legendary four-book series:

1. Reading Price Charts Bar by Bar
2. Trading Price Action Trends
3. Trading Price Action Ranges
4. Trading Price Action Reversals

No moving averages. No oscillators. Just pure bar-by-bar logic — exactly as Al Brooks teaches.

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Core Features (100% Book-Accurate)

[anchor=trend]Trend Bars (Strong Bull/Bear)[/anchor]

• Close above open (bull) / below open (bear)
  
• Body ≥ 50% of range (Trends, p.27)
  
• Closes in top 40% (bull) / bottom 40% (bear) (Trends, p.28)
  
• Must be 50% larger than average of prior 3 bars → ensures it "stands out" (Trends, p.29)
  

[anchor=rev]Reversal Bars (Single Bar Reversals)[/anchor]

• Creates new low (bull) / new high (bear) vs prior bar
  
• Closes in upper half (bull) / lower half (bear) (Reversals, p.312)
  
• Long tail on reversal side, short tail on close side (Reversals, p.314–315)
  
• Blocked in trading ranges — only valid when overlap with prior bar ≤ 50% (Ranges, p.112)
  

[anchor=patterns]Inside/Outside Patterns[/anchor]

• ii: Two inside bars — second smaller than first
  
• oo: Two outside bars — second larger than first + strong body
  
• ioi: Inside → Outside → Inside (highlighted with blue polyline)
  
• Visual polyline boxes connect all bars in pattern
  

[anchor=ema]Multi-Timeframe EMA 20[/anchor]

• 5m (orange), 15m (teal), 60m (blue) — step lines for context
  

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Why This Indicator Is Different

• No EMA filters on bar size — uses relative bar strength (prior 3-bar avg × 1.5)
  
• No volume, no RSI, no MACD — pure price action
• Reversals disabled in ranges — avoids 70% traps (Ranges, p.89)
  
• ii/oo/ioi drawn bar-by-bar with polylines — exactly how Al draws on charts
  

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How to Use (Al Brooks Style)

1. Trend Bar in Trend → Add to position
   
2. Reversal Bar at EMA or Range Extreme → Enter with stop beyond tail
   
3. ii in Pullback → Anticipate continuation
   
4. ioi at Support/Resistance → High-probability reversal setup
   

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Settings

• Toggle patterns & reversals
  
• Adjust label size, line style, fill opacity
  
• Max consecutive inside/outside bars (2–10)
  

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Philosophy
> “Every bar is a battle between buyers and sellers. The shape tells you who won — and how strongly.”
> — Al Brooks, Reading Price Charts Bar by Bar

This indicator doesn’t predict.
It translates the battle — bar by bar — just like Al does.

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For Serious Traders Only
If you’ve read the books, this is your live annotation tool.
If you haven’t — start with the books. This indicator won’t make sense without them.

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11월 9일

릴리즈 노트

Update Notes

Trend Bars now require the bar to be 50% larger than the average range of the prior 3 bars — directly implementing Al Brooks' "stand out" rule (Trends, p.29).

Reversal Bars are disabled inside trading ranges (overlap with prior bar > 50%) — avoids 70% traps as taught in Ranges (p.89, p.112).

Removed volume condition from reversals — volume is helpful but not required (Reversals, p.89).

Reversal logic simplified to single bar only: new extreme, close in opposite half, long tail/short tail — 100% per Reversals (p.312–315).

ii/oo/ioi patterns preserved with bar-by-bar polyline drawing; ioi uses strict size ratios (0.5 / 1.2) as practical extension of Brooks’ "larger/smaller" concept.

11월 10일

릴리즈 노트

Add High/Low bar Indicator

11월 11일

릴리즈 노트

• Update to new High/Low bar count (2023)
  
• Update Bull/Rev tag style
  

11월 12일

릴리즈 노트

• Fix High/Low Bar count
  

11월 14일

릴리즈 노트

1. Fix Bar Count
   
2. Add Bar No. below bars, blue when US market opens
   

11월 14일

릴리즈 노트

fix

11월 17일

릴리즈 노트

• Optimize Parameters Input
  
• Optimize Labels for clean display
  

11월 18일

릴리즈 노트

1. Fix Inside/Outside bar patterns bug
   
2. Limit the three EMA20 lines only to be displayed under 5m timeframe
   

5일 전

릴리즈 노트

Consolidate all price action indicators into one