Price Action Indicator for trading

 



https://www.tradingview.com/script/ZGl2xWym-LuxAlgo-Price-Action-Concepts/

Price Action Concepts™ is a first of it's kind all-in-one indicator toolkit which includes various features specifically based on pure price action.

Order Blocks w/ volume data, real-time market structure (BOS, CHoCH, EQH/L) w/ 'CHoCH+' being a more confirmed reversal signal, a MTF dashboard, Trend Line Liquidity Zones (real-time), Chart Pattern Liquidity Zones, Liquidity Grabs, and much more detailed customization to get an edge trading price action automatically.

Many traders argue that trading price action is better than using technical indicators due to lag, complexity, and noisy charts. Popular ideas within the trading space that cater towards price action trading include "trading like the banks" or "Smart Money Concepts trading" (SMC), most prominently known within the forex community.

What differentiates price action trading from others forms of technical analysis is that it's main focus is on raw price data opposed to creating values or plots derived from price history.

Mostly all of the features within this script are generated purely from price action, more specifically; swing highs, swing lows, and market structure... which allows users to automate their analysis of price action for any market / timeframe.

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