Author Topic: True price action indicator to verify trend direction  (Read 6902 times)

Offline 4EverMaAT

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True price action indicator to verify trend direction
« on: February 25, 2013, 10:46:44 AM »
I wanted to go ahead and get this uploaded here as i've seen a huge need to clear up this confusion on what price action is.  This term, like the term 'trend' and 'momentum' provide very vague definitions that often leave the trader or financial analyst more confused after trying to figure out just what another analyst considers to be a 'trend', 'momentum', etc.  What the Awesome Price Action Movement indicator (or Amazing PA move indicator, or APAMI for short) does is add clear rules for determining trending condition ("price action") coincidentally.  This means it is not lagging or fake-leading the market.  It simply measures the distance between two points, almost in a breakout fashion.  Think of the tool as a trendometer, that measures price action dynamically across ticks.

There are no fancy chart patterns to interpret, or special time-frames (A 40 pip move is a 40 pip move, regardless of timeframe!).  Just qualify where the market is going now, and then make a trading decision (buy, sell, or wait)

This should save some traders a lot of hours in front of the screen.  You simply set the length you want to measure, and leave it on to measure the lengths you want.  It should work with just about any broker, although each price feed will be slightly different.

1) There is an mt4 and mt5 version of the indicator.  Make sure you pick correct version.  They include quick-start instructions.
2) the 'Apami Whitepaper Summary.pdf' provides an overview to the theorem that drives apami.  it is not necessary, but very helpful to understand more about the indicator's internal calculations.

Even better if you watch the video summary
3) The Apami 3.0 instruction manual is a more complete guide to getting setup, and explains the inputs in more detail.

4)  The default settings are pretty good for majority of 5 digit brokers.  Only the moveComplete length needs to be changed for beginners.

CHF pairs or some broker's feed is a bit choppier than others; increase the 'ignoreDistance' input in 0.5-1.0 pip increments as needed to make the indicator slightly less precise and increase the number of moves measured. 

I look forward to some honest feedback on one of the best concurrent trend indicators on the planet; the possibilities are nearly unlimited for its uses, especially if you start mastering counter-trend trading and/or grid trading.
Are your trading strategies fully automated?

Offline sigmadelta52

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Re: True price action indicator to verify trend direction
« Reply #1 on: June 26, 2013, 07:24:25 PM »
It's a very good realtime indicator.
Yes it shows you the trends. Immediately.
But trend spotting isn't the real issue in forex.
It's knowing when the trend ends and does an about turn thats the problem.
And it will always do that just after you trade...
If it didn't no-one would be on here. ;)

Offline Bigsteve

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Re: True price action indicator to verify trend direction
« Reply #2 on: July 24, 2013, 03:18:16 AM »
Hi 4EverMaAt,
How do you come to calculate a figure for the move complete length?


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