ChrisMoody

CM_Price-Action-Bars-Price Patterns That Work!

Price Action Indicator - Price Patterns That Work!
9 Minute Video Goes Into Detailed Explanation

4 Simple but Effective Price Patterns!
Yellow = Inside Bar – Breakout Patterns
Orange = Outside Bar – Breakout Patterns
Green/Red = Pin Bars
Aqua/Fuchsia = Shaved Bars

***MANY Features and Customizing Options…Detailed Overview In Video.
How To Turn Bars Patterns On And Off.
Ways To Customize.
General Thought Process of the 4 Price Action Patterns.
What Each Setting in the Inputs Tab Does.



***Special Announcement. Video Below Just Updated. Received a Special Promotion from the creator of these Price Action Bars and Many other Price Action Setups. Hedge Fund Manager and Founder of 2ndSkiesForex.com Chris Capre.

1st 10 minutes of Video is covering throughout process and how to implement the Indicators.
2nd 12 minutes covers a Special Promotion offered to TradingView members directly from Chris Capre.

Video Link Below.
http://vimeopro.com/user32804960/trading...

This Version of the video will be taken down 2/01/2015 and the original video will be uploaded again.
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//Created By ChrisMoody on 1-20-2014
//Credit Goes To Chris Capre from 2nd Skies Forex

study("CM_Price-Action-Bars", overlay=true)

pctP = input(66, minval=1, maxval=99, title="Percentage Input For PBars, What % The Wick Of Candle Has To Be")
pblb = input(6, minval=1, maxval=100, title="PBars Look Back Period To Define The Trend of Highs and Lows")
pctS = input(5, minval=1, maxval=99, title="Percentage Input For Shaved Bars, Percent of Range it Has To Close On The Lows or Highs")
spb = input(false, title="Show Pin Bars?")
ssb = input(false, title="Show Shaved Bars?")
sib = input(false, title="Show Inside Bars?")
sob = input(false, title="Show Outside Bars?")
sgb = input(false, title="Check Box To Turn Bars Gray?")

//PBar Percentages
pctCp = pctP * .01
pctCPO = 1 - pctCp

//Shaved Bars Percentages
pctCs = pctS * .01
pctSPO = pctCs

range = high - low

///PinBars
pBarUp() => spb and open > high - (range * pctCPO) and close > high - (range * pctCPO) and low <= lowest(pblb) ? 1 : 0
pBarDn() => spb and open < high - (range *  pctCp) and close < high-(range * pctCp) and high >= highest(pblb) ? 1 : 0

//Shaved Bars
sBarUp() => ssb and (close >= (high - (range * pctCs)))
sBarDown() => ssb and close <= (low + (range * pctCs))

//Inside Bars
insideBar() => sib and high <= high[1] and low >= low[1] ? 1 : 0
outsideBar() => sob and (high > high[1] and low < low[1]) ? 1 : 0

//PinBars
barcolor(pBarUp() ? lime : na)
barcolor(pBarDn() ? red : na)
//Shaved Bars
barcolor(sBarDown() ? fuchsia : na)
barcolor(sBarUp() ? aqua : na)
//Inside and Outside Bars
barcolor(insideBar() ? yellow : na )
barcolor(outsideBar() ? orange : na )

barcolor(sgb and close ? gray : na)
How does this work with Bitcoin and Crypto?
Antworten
Thank you !!! I am now a fan of 2nd Skies and will be checking them out in depth. Fantastic indicator ! Especially when used with other successful systems.
Antworten
Price action is the key for the successfull trading.



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How I can put this script in MT4. I know to put indicator in mt4 but how put a script in mt?? Thanks
+15 Antworten
Hi all
Just I would want ask a question ,I trade on Binance.With Which inputs should I use for 5 minutes chart @ChrisMoody

Thanks
+12 Antworten
я посмотрел видео но я не знаю английский язык, Крис могли бы коротко описать в комментарии, я бы перевел переводчиком.
Спасибо!
Antworten
Can a bar be 2 types of patterns? For example, it is common to see an outside bar occur with a shave bar but which would it be interpreted as?
+2 Antworten
Chris what´s the difference between yellow bar and orange bar? I think yellow is a bullish pattern and orange is bearish
+4 Antworten
Dacallins alfonsokobe
@alfonsokobe, Watch the video.
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Can someone explain why using bgcolor with the bars does nothing?
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