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Indicator that helps confirm price action

  • #1
  • First Post: Apr 16, 2022 5:14pm Apr 16, 2022 5:14pm
It may be a silly question, but lately I'm de-depth in price analysis. All indicators have lost their logic. It doesn't make any sense anymore. But I would like some different indicator that would confirm the price action. Could anyone indicator an indicator that has more to do with price action? Some that would help confirm the movement. Because these usual indicators don't make sense.
  • #2
  • Apr 16, 2022 8:00pm Apr 16, 2022 8:00pm
Quoting ZeDaBudega
It may be a silly question, but lately I'm de-depth in price analysis. All indicators have lost their logic. It doesn't make any sense anymore. But I would like some different indicator that would confirm the price action. Could anyone indicator an indicator that has more to do with price action? Some that would help confirm the movement. Because these usual indicators don't make sense.

hi ZeDaBudega

I don't think yours is a silly question.
many people wanting to trade have this same question on price action.
Price action is a huge topic and different people will have different views and interpretations.
Perhaps you would like to post a few chart examples and we can share and discuss what is the price action we see from different perspectives.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3
  • Apr 17, 2022 3:09am Apr 17, 2022 3:09am
a simple price action indicator that would scan and highlight this formation in multi timeframe would be a lot more useful than most indicators. I don't know if there is anything like this around. it is not a holy grail of course (nothing is) but it would be very effective in the right context
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  • #4
  • Apr 17, 2022 6:14am Apr 17, 2022 6:14am
just my opinion but - No need for an indicator.

Any of the SMC 'trainers' will have decent information on structure. Plenty of them around. Phantom, Vertex, Flint FX etc

Once you 'see' PA / Market Structure clearly you're all good to go....

I learnt from Wyckoff and his waves as per his original course.... Can't beat the classics. Always remember - there's nothing new under the sun when it comes to trading.... Some 'vendors' just have a better knack for marketing and naming conventions

Good Luck!
Drink Coffee. Do stupid things faster, with more energy.
  • #5
  • Apr 17, 2022 6:19am Apr 17, 2022 6:19am
Quoting emmanuel7788
{quote} hi ZeDaBudega I don't think yours is a silly question. many people wanting to trade have this same question on price action. Price action is a huge topic and different people will have different views and interpretations. Perhaps you would like to post a few chart examples and we can share and discuss what is the price action we see from different perspectives.
I'm sorry for the first post being so small, but I could get the idea of what I wanted to express. Last night I had arrived from an event and I thought about how useless my attempts were to use thousands of indicators that were always behind the price. I'm not judging, let alone belittle that i use various indicators and their lights. It's just my experience. Taking as an example it is stochastic.

On a high leg or in a sequence of green candles, you can observe that the price is on bought or need the stochastic. That's what I want to develop on this topic. All indicators are contained in the price. If the price moves away more abruptly, you understand that there has been increased volatility in movement without needing an indicator that will report the same thing late.

I just wonder if there is any indicator that gets closer to the price action to be further confirmation that our price reading is correct. Currently I only use fibonacci as a tool and trendline + price analysis.
  • #6
  • Apr 17, 2022 6:23am Apr 17, 2022 6:23am
[quote=damnpenguins;13971668]apenas minha opinião, mas - Não há necessidade de um indicador. Qualquer um dos "treinadores" da SMC terá informações decentes sobre estrutura. Muitos deles por aí. Phantom, Vertex, Flint FX etc Uma vez que você 'vê' PA / Estrutura de Mercado claramente você está tudo pronto para ir.... Aprendi com Wyckoff e suas ondas de acordo com seu curso original... Não posso vencer os clássicos. Lembre-se sempre - não há nada de novo sob o sol quando se trata de negociar.... Alguns 'vendedores' só têm um talento melhor para marketing e convenções de nomeação Boa Sorte! [/cotação]


Thank you very much for your participation and expose your experience. Thank you. I agree with you.
  • #7
  • Apr 17, 2022 6:25am Apr 17, 2022 6:25am
Quoting kivanc
a simple price action indicator that would scan and highlight this formation in multi timeframe would be a lot more useful than most indicators. I don't know if there is anything like this around. it is not a holy grail of course (nothing is) but it would be very effective in the right context {image}
You can see the manipulation without indicator.

Thank you for participating.
  • #8
  • Apr 17, 2022 7:14am Apr 17, 2022 7:14am
Quoting ZeDaBudega
{quote} You can see the manipulation without indicator. Thank you for participating.
correct but you cannot stay glued to a chart to identiy them in all timeframes and also even if you look at the charts all the time, as you are human not a robot, you may not spot them objectively.
  • #9
  • Apr 17, 2022 7:23am Apr 17, 2022 7:23am
Quoting damnpenguins
just my opinion but - No need for an indicator. Any of the SMC 'trainers' will have decent information on structure. Plenty of them around. Phantom, Vertex, Flint FX etc Once you 'see' PA / Market Structure clearly you're all good to go.... I learnt from Wyckoff and his waves as per his original course.... Can't beat the classics. Always remember - there's nothing new under the sun when it comes to trading.... Some 'vendors' just have a better knack for marketing and naming conventions Good Luck!
can't agree more but we need to admit we are fighting with an algo, so as retail traders we could also use the help of tech a bit more. at the end of the day, as I said above, it might be hard for a human being to spot these "patterns" in multi timeframe live market. it would be like one less thing to consider about.

the indicator would find countless of them but sticking to one pair would yield a manageable amount of setups especially when they take place in your point of areas.
of course this is just my idea.
  • #10
  • Apr 17, 2022 7:25am Apr 17, 2022 7:25am
The idea you should take care is that the sign of indicator on bigger time frame is more important than smaller one, for example Divergence or MAs support resistant ..etc
  • #11
  • Apr 17, 2022 7:33am Apr 17, 2022 7:33am
Quoting kivanc
{quote} correct but you cannot stay glued to a chart to identiy them in all timeframes and also even if you look at the charts all the time, as you are human not a robot, you may not spot them objectively.

Truth. I agree with that point.
  • #12
  • Apr 17, 2022 7:41am Apr 17, 2022 7:41am
Quoting kivanc
{quote} can't agree more but we need to admit we are fighting with an algo, so as retail traders we could also use the help of tech a bit more. at the end of the day, as I said above, it might be hard for a human being to spot these "patterns" in multi timeframe live market. it would be like one less thing to consider about. the indicator would find countless of them but sticking to one pair would yield a manageable amount of setups especially when they take place in your point of areas. of course this is just my idea.

I believe that it would be a very useful indicator, because there is no way to monitor full-time price movement in various currency pairs. But we also have to agree that it is not an easy indicator to develop. As @Mladen is an expert in programming, he could give his point of view or even help us develop something like this if he deems it possible.
  • #13
  • Apr 17, 2022 7:44am Apr 17, 2022 7:44am
But we would have to describe on concrete basis, what would actually be movement manipulation or movement to seek liquidity.
  • #14
  • Apr 17, 2022 8:12am Apr 17, 2022 8:12am
Quoting ZeDaBudega
{quote} I believe that it would be a very useful indicator, because there is no way to monitor full-time price movement in various currency pairs. But we also have to agree that it is not an easy indicator to develop. As @Mladen is an expert in programming, he could give his point of view or even help us develop something like this if he deems it possible.
I think you have a good sense that there are certain limits in programming and yes you are right about this, there is something that humans eyes have which programming cannot replace. Same reason why robots can never replace humans in life, there are many types of robots e.g. vacuum cleaners that can make things easier for humans, save human's time etc, but can never totally take over whatever humans can do, take for example, I have not seen a robot that can effectively replaces a human in cooking delicious meals and I'm sure it will be a hot seller if such a product exists..

Back to the context of trading, there are many people seeking for an accurate indicator that can spot High-Low and Tops and Bottoms correctly, or order blocks etc, but let's look at this thread here where people there are experts in order blocks or ICT concepts (https://www.forexfactory.com/thread/...ystem?page=226), you look at the diagrams they posted and mark out, areas of interest are drawn manually, not identified by an indicator. There are just things which are difficult/impossible to be replaced by indicators, despite that there are many indicators that are useful and save a lot of time for people.
  • #15
  • Apr 17, 2022 9:05am Apr 17, 2022 9:05am
Quoting ZeDaBudega
It may be a silly question, but lately I'm de-depth in price analysis. All indicators have lost their logic. It doesn't make any sense anymore. But I would like some different indicator that would confirm the price action. Could anyone indicator an indicator that has more to do with price action? Some that would help confirm the movement. Because these usual indicators don't make sense.
Use daily pivot points.
Anything above the line is an uptrend, below the line is a downtrend.
  • #16
  • Apr 17, 2022 9:46am Apr 17, 2022 9:46am
Quoting Degolep
{quote} Use daily pivot points.

If you explain how to use it with the price proposal, your comment would be clearer.
  • #17
  • Apr 17, 2022 9:49pm Apr 17, 2022 9:49pm
Quoting ZeDaBudega
It may be a silly question, but lately I'm de-depth in price analysis. All indicators have lost their logic. It doesn't make any sense anymore. But I would like some different indicator that would confirm the price action. Could anyone indicator an indicator that has more to do with price action? Some that would help confirm the movement. Because these usual indicators don't make sense.

Hi ZeDaBudega,
I haven't tried it myself yet but there is a indicator made by zeiierman called Arithmetic candlesticks and it is suppose to be fully based on using price action "data". If you try them I would really appreciate your thoughts on them. I have heard good about them but I haven't seen them in action.
  • #18
  • Apr 18, 2022 3:12am Apr 18, 2022 3:12am
Quoting Solar4Life20
{quote} Oi ZeDaBudega, Eu ainda não, mas existe um indicador feito por Zeiierman chamado Aritmética candles e é claro ser totalmente baseado no uso de "dados" de ação de preço. Se você experimentou-los, eu realmente aprecio seus pensamentos sobre eles. Ouvi falar bem deles, mas não os vi em ação.

If you can send it to us, that would be great. Maybe it just needs some tweaking and some common sense.
  • #19
  • Apr 18, 2022 4:30am Apr 18, 2022 4:30am
Quoting kivanc
a simple price action indicator that would scan and highlight this formation in multi timeframe would be a lot more useful than most indicators. I don't know if there is anything like this around. it is not a holy grail of course (nothing is) but it would be very effective in the right context {image}
you've just done it yourself right there. why do you need an indicator? I'm sure some coder for hire could write an indicator for you.
  • #20
  • Apr 18, 2022 6:43am Apr 18, 2022 6:43am
Quoting ZeDaBudega
{quote} If you can send it to us, that would be great. Maybe it just needs some tweaking and some common sense.
I Don't have it. I have only heard about it and seen pictures about it. From here.

https://zeiiermantrading.com/arithme...lesticks-expo/
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