Price Action Trading is an indicator that is built for the “Price Action” trading strategy. The indicator shows the points of change in the direction of price movement, the direction of the trend, the trend dynamics, the distance traveled in points from the beginning of the trend change. This information is enough to trade and get a good result on forex. The “Price Action Trading” indicator has proven itself very well on GBPUSD, XAUUSD, EURUSD and other major currency pairs. You can install “Price Action Trading” on your Metatrader 4 and it will become your indispensable assistant in trading.  

• period – in this parameter, we specify the period of the indicator.
• bars-specify the number of bars on which the indicator will be displayed.

• when the indicator draws a blue arrow, we close open sell orders and open a buy order. We set the take profit at the level of the average price movement for the previous 300 bars.
• when the indicator draws a red arrow, we close open buy orders and open a sell order. We set the take profit at the level of the average price movement for the previous 300 bars.