Choppiness Index
Back to products
CCI Divergence
MT5
Watch video
Click to enlarge

My Price Action

Discover My Price Action indicator: A unique indicator highlighting key candles for potential price changes. Analyse signals for buying/selling pressure & customize settings for your trades. With its free and user-friendly design, the My Price Action Indicator MT5 is a great tool for traders of all levels.

Trading Style

,

Indicator Type

Timeframe

,

Platform

Add to wishlist
0 People watching this product now!
Category:

Downloads - 198

Download now
Description

Features of the My Price Action Indicator

The My Price Action is a unique indicator highlighting notable candles that may signify a significant price change. The indicator displays varying values. It first marks the arrows above or below the candles. The color of the arrows also indicates specific price movements.

However, the arrow readings cannot be regarded as a standalone buy or sell signal. Before using the signals from the indicator, you should learn how to analyze them.

How the Indicator Can Benefit You

The shadows cast by the candles serve as the indicator’s primary foundation. If the shadow of the candle is higher or lower, the indicator displays a point. This helps your search for buying or selling pressure in a given situation.

For instance, if the underside has a long shadow, it indicates increased buying pressure. In a situation like this, you could take a long position.

Indicator Setting Description

Twick_ratio: You can change the ratio of high to low.

Hightwick1: You can input twick height in pips.

HIghtwick2: You can input twick height in pips.

Lowtwick1: You can input twick low in pips.

Lowtwick2: You can input twick low in pips.

ShowDH: Enables/disables the display of the daily high on the candle.

Show BEOV: Enables/disables the display of the BEOV (like a pin bar) on the chart.

ShowDL: Enables/disables the display of the daily low on the chart.

ShowB4: Enables/disables the display of the new lower lows or higher lows.

Show lettering: Enables/disables the display of lettering.

Lettering shift: Allows you to change the lettering shift.

Lettering colour: Allows you to change the lettering colour.

History bars: Shows the number of bars the indicator uses for calculation

Reviews (0)

Reviews

There are no reviews yet.

Be the first to review “My Price Action”

Your email address will not be published. Required fields are marked *

1 2 3 4 5
1 2 3 4 5
1 2 3 4 5

How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

Related products

MT4
Quick view
Add to wishlist

Market Sessions

,
The Market Sessions Indicator is a free and popular Forex indicator for MT4. It is a useful tool for traders to identify the active trading sessions for different currency pairs. The indicator displays the start and end times of the major trading sessions in the Forex market, including London, New York, Tokyo, and Sydney. It also shows the current session and the time left until the next session. The Market Sessions Indicator is a convenient and powerful tool for traders of all levels to get a better understanding of the Forex market.
MT4
Quick view
Add to wishlist

123 Forex Patterns

,
123 Forex Patterns Indicator: Identify trend reversals & continuations in MT4. Benefit from bullish & bearish patterns for informed buy/sell decisions. The indicator is easy to use and can be a great asset for traders looking to take advantage of the Forex markets.
MT4
Quick view
Add to wishlist

Candlestick Pattern

The Candlestick Pattern Indicator is a popular and free forex indicator that identifies various candlestick patterns on charts. It is a new MT4 indicator that analyzes the charts and displays candlestick patterns such as Doji, Hammer, Shooting Star, and more. The indicator also shows the pattern's name and signal strength, making it easier for traders to make trading decisions. This indicator is an essential tool for both novice and experienced traders who want to trade using candlestick patterns.
MT4
Quick view
Add to wishlist

Fractals Adjustable Period Trend Lines

,
The Fractals Adjustable Period Trend Lines Indicator is a useful and popular free Forex indicator for the MT4 trading platform. It works by plotting fractals on the chart, which are then used to draw trend lines that are adjustable in period. The indicator is also useful for spotting support and resistance levels, as well as for determining entry and exit points for trades. It is a great tool for both novice and experienced traders, as it provides a clear visual representation of the market and helps traders make informed decisions.
MT4
Quick view
Add to wishlist

Volume Weighted MA

,
Volume Weighted Moving Average (VWMA) is a popular, free and useful Forex indicator for the MT4 platform. This indicator plots the average of a security's volume-weighted price over a period. It does this by measuring the volume of an asset and comparing it to the price. By doing this, traders can see if there is strong buying or selling pressure in the market. The VWMA is a great tool for traders who want to determine the strength of a trend.
MT4
Quick view
Add to wishlist

Double Top Bottom Patterns

,
The Double Top Bottom Patterns indicator for MT4 is the best Forex indicator that identifies double tops/bottom patterns. It helps spot the patterns easily and confirms the price breakout after the pattern, providing BUY and SELL arrow trading signals.
MT4
Quick view
Add to wishlist

Candle Patterns

,
The Candle Patterns MT4 Indicator is the best Forex indicator for candlestick pattern recognition. Each pattern is displayed on the chart with a unique color code, making it easy to distinguish between them.
MT4
Quick view
Add to wishlist

ZP Day Trading

,
The Daytrading Forex Indicator is a popular and free MT4 tool that is useful for intraday traders. It provides a visual representation of the forex market, allowing traders to quickly identify the best entry and exit points. It also provides traders with an easy-to-use interface for setting parameters, allowing them to customize the parameters to suit their trading style. With its simple yet powerful features, the Daytrading Forex indicator is a great tool for day traders who want to make the most of their trading experience.