ATS Master Forex Pattern Indicator

Topas

Member
VIP
I need an indicator to help me find the Master Forex Pattern as illustrated by Action Threshold Software (ATS) below. I would like to present this MASTER PATTERN.I have tested it manually since I do not have the software ATS Developed, works very well. If we could code this for ThinkorSwim would be awesome.

Please watch closely to learn more about this Price Action Market Cycle Strategy. I have tested it but you are more then welcome to test it manually and please post your opinion. I think, this is worth coding it to TOS.


Thank you.

OK I will post some charts as I find some new opportunity in upcoming weeks.

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BenTen

Administrative
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If you have watched the video, tested it on your own, and found good results with it, please write your own experience, show examples of real charts, etc. That way we can get a better understanding and potentially save some time.
 

skynetgen

Well-known member
high of box + low of box divided by2
And box itself is fixed length? I was thinking volume POC would be natural area for that kind of line. But the period is something I am wondering about - naturally it should be tied to higher fractal. But what if previous fixed length was trend (and not contraction/expansion)
 
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poparhon

New member
Trading stocks is a whole new venture . Traded Forex with MT4 for about 6 years and decided to add stocks, futures. options, In order to do that I moved on to the TOS platform and I now have everything under one roof.. Aside from the VWAP indicator what else is everyone using, Indicators are a matter of preference , just trying to be in the same ballpark as everyone else, there are a ton of them for TOS. My currency charts include the 9,20 ema 50,200 sma and from what I have seen out there for stocks these moving averages seem to be popular. Appreciate any type of feedback,
 

tomsk

Well-known member
VIP
Welcome to the world of TOS

Different instruments respond to different indicators. There are literally thousands of indicators out there
Spend some time to be familiar with the sort of information you'd like to see and then test those against your instrument of choice.
One feature with moving averages is they do lag as it essentially waits for price to catch up, so most folks use faster periods for moving averages
I have heard of things like zero lag moving average but I have not looked into it at any great depth.
 

horserider

Well-known member
VIP
Welcome Poparhon. Since you already know MA s I would stick with those. Tweak lengths or type to fit your style from scalp to swing to long. Add support/resistance or pivots. Add a consolidation indicator. Lower studies , so many, recommend RSI. So many lower studies, just experiment to find ones that make sense to you. If it does not , find something else.
 

poparhon

New member
Thanks everyone for your contributions, I tried something different for S/R. I went out to the Monthly, Weekly, Daily, 4hr and plotted the horizontal lines and the results were spot on when I dropped down to the lower tf of 2min. and 5min charts. Each one that I plotted I made different colors. An Indicator that I use is Bill Williams fractals. Fractal Breaks, Bounces .Trade level to level
 

tomsk

Well-known member
VIP
@wsjiii The WilliamsFractal is a standard TOS study, you can access it via the Patterns tab. At the top right hand of your platform under Charts, there is a button called Patterns. You can find it in the sub menu called Candlestick
 

jposeyx2

New member
I'm not very experienced in forex trading but I've come to realize a lot of the price movement is due to news or other analyst suggestions. Are there any indicators/strategies that are strictly devoted to forex and nothing else? Your comments/suggestion would be greatly appreciated.

Regards to all

Jim
 
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rad14733

Well-known member
VIP
There are very few indicators that are predominately Forex-centric... Price action is price action... I have never traded Forex, partly because, as mentioned, a lot of price action is based on Whimsy and moves can change quickly for no apparent reason... But, just to be clear, my main reason for not trading Forex is because I have never, nor will I ever, trade on margin which is deemed a requirement for Forex...

Back to the indicator question, if you've spent any amount of time watching Forex trading videos on YouTube you would have noticed that most of those traders only use price action, candlestick patterns, manually drawn trend, support, and resistance lines, and some outright seat of the pants gambling... They do not rely on indicators at all, for the most part...

I, personally, am not a gambler when it comes to trading... If I wanted to gamble on a sure thing I'd still be making more money shooting pool in bars, pool halls, and tournaments than by any other means but I gave that up 15 years ago simply because I didn't want to spend my entire life just shooting pool... It became too easy to make a weeks wages every night and then blow it on partying... Way too much money won and squandered... But I digress...
 

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