Price Action Sniper is designed to trade the Price Action on the desired chart time frame.
- Trend Reversals.
- Trend Continuation.
- Brekaouts.
- Good tool for Binary Options
Price action forms the basis for all technical analysis of a currency pair, commodity or other asset chart.
Many short-term traders rely exclusively on price action and the formations and trends extrapolated from it to make trading decisions.
Technical analysis as a practice is a derivative of price action since it uses past prices in calculations that can then be used to inform trading decisions
Price Action Sniper send signals by checking:
- Trendlines
- Candle Stick Patterns and Formations: Three Line Strike, Three Black Crows, Engulfing Candles, Evening Star, Shooting Star
- Deviations
- Moving Averages
- Support / Resistance
Parameters:
- Draw Lines True/Flase : Choose True if you want to see the key lines drawn by the indicator.
- Show Only New Forms: Choose False if you want to see the history.
- Choose Alert for your need.
Advantages:
- Optimum paramaters ( Moving Avarages for each TF and deviations ) has been set.
- Works on every time frame and every instrument.
- Perfect combination with Cycle Sniper Indicator.
- You can trade with the indicator or combine it with your own indicators.
Notes:
- All Arrows do not mean buy/sell signal. They show the potential direction of the market.
- Buy Entry / Sell Entry arrows can be used as a signal.
- Recommended History Bars :200
- The lines show the structure of the market and are highly recommended to display them on the chart.
- Startegy Tester Timeframe: H4
PERFECT MATCH WITH ADVANCED CHART PATTERNS INDICATOR
