Wouldn't it be nice if you could scan the markets you want and only see the Perfect Setups you are looking for? All that in Real time?
Price Action Tracker is a software solution able to recognize chart patterns on all charts every second!
Features at your disposal:
We understand that not all users are Price Action experts so we have been working on a highly advanced trading algorithm to make it as easy as possible for them to succeed at trading.
Price Action Tracker continuously analyses markets and timeframes, looking for high probability trading opportunities, Once identified, those highly profitable signals come with clear analysis, management points and steps to follow (Entry, Stop Loss, Target).
At the present time, Price Action Tracker continuously scans the following markets (we will add more very soon):
Price Action Patterns
Understanding candlestick patterns and chart formations is key to great trading, it does help traders to learn what prices are most likely going to do next.
Professional traders used to spend countless hours analyzing chart after chart to find reliable Price Action Patterns (Setups) on daily and even intraday time frames.
Today, computing power comes into play. Price Action Tracker is a software solution able to recognize chart patterns on all charts every second!
Find all the Price Action patterns tracked by the Price Action Tracker HERE...
One of the most common questions from new traders is ‘What time frame works best?’
After all, there are quite a few different time frames you can work with, aren’t there?
We have you covered, Price Action Tracker continuously scans multiple time frames so you never miss gold opportunities.
The time frames scanned are:
5min, 10min, 15min, 30min, 1Hrs, 4Hrs (start 0.00 GMT), 4hrs NYC (New York Closing), 1Daily and weekly chart.
Pivot Points and Previous High/Low
Pivot Points and Previous High/Low were originally used by floor traders to set key levels, they are widely used by Price Action short-term traders to quickly determine where forex market sentiment may change between bullish and bearish. Price Action Tracker will be able to alert you when a pattern appears at any of the 9 Pivot Points (Previous High, Previous Low, PP, S1, S2, S3, R1, R2, R3).
Multi Time Frames Trend Indicator (Tdir)
Tdir is a basic trend indicator (EMA Cross indicator).
It uses two Exponential Moving Averages, the position of the EMAs should tell you whether Supply or Demand is driving the market.
Tdir will show uptrend when the quick EMA is above the slow EMA and downtrend when the quick EMA is the below slow EMA.
The multi time-frame display will allow you to see at a glance the trend direction on multiple time-frames, which will help you to better understand the trend of what you are trading and instill confidence in your decisions.
Note: This Indicator can be used to identify current Trend in Multi Time Frames. But it can not be used alone.
Important : Tdir doesn't work too well with range-bound market.
Pattern Combo Indicator
HUD allows you to instantly see when one or more price action has been triggered by the same candle (ex: an inside bar could also be a pin bar).
EMA 8, EMA21 and EMA 100 Display
The benefit of this Exponential moving averages display is its visual simplicity. Traders can quickly assess the prevailing trend of price behavior from the direction of EMAs. Care must be taken since the EMA is a lagging indicator and may not adjust rapidly to volatility in the market.
Visualization of EMA 8 (Red line), EMA 21 (Blue line) and EMA 100 (Yellow line) can help you with trend identification and dynamic support and resistance identification. Those EMAs are factors or levels that can add confluence to a price action setup.
AND and OR Functions
We have added 2 logic functions (AND and OR) to our improve our Patterns filtering.
The AND function
A condition AND returns TRUE if and only if all patterns selected are true.
If AND function is activated and you have selected Significant Pin Bar and Mother Bar Breakout, you would only be alerted when a signal is at the same time a Significant Pin Bar and a Mother Bar Breakout.
The OR function
A condition OR returns TRUE if one (or more) patterns selected is true.
If OR function is activated and you have selected Significant Pin Bar and Mother Bar Breakout, you will be alerted each time a signal is one (or both) of those patterns.
Price Action Real Time Alert
Never miss a golden trading opportunity again!! Price Action Tracker keeps you well informed by notifying you when new Price Action are generated.
Visual and Sound alerts (SMS and EMAIL coming soon)
Line Chart Overview
Line charts show a single data point for each day, rather than the high/low range. A line connects the closing prices.
The simplicity of line charts is especially prevalent in well-defined trends.
We make it easy to see what's really happening in the markets.
•Pivot lines, Supports & Resistances and EMAs display
•Signal Marker (easily see the tracked signal)
•Management Levels display
•Zoom In/Zoom Out for clearer view
•Right click on chart to export your favorite charts