Introduction PMALGO® - Price Action Suite is a comprehensive indicator designed to automate and visualize advanced price action concepts. It provides traders with real-time market structure analysis, order block detection, fair value gap identificati ...
Market Structure Market structure is a key component of price action. The Price Action Suite toolkit automatically detects and highlights real-time market structure on your chart. This feature provides a clear view of market trends without relying on tra ...
1. Market Structure Detection Swing and Internal Market Structure: Detects Break of Structure (BOS), Change of Character (CHoCH), and CHoCH+ for both swing and internal levels. Configurable lookback periods for swing and internal pivots. Supports both ...
Market Structure: Show/hide swing/internal structure, select which events to display. Manual or dynamic lookback for pivots. Order Blocks: Show/hide, number to display, filtering, mitigation method, position, overlap handling, and color scheme. Highs ...
Lines: Market structure, highs/lows, equilibrium, and order block boundaries. Labels: Structure events, highs/lows, equilibrium, and dashboard. Boxes: Order blocks, FVG/VI/OG, and accumulation/distribution zones. Table Dashboard: MTF trend and dete ...
Trend Following: Use the MTF dashboard and market structure labels to identify and follow prevailing trends. Order Block Trading: Enter trades at detected order blocks, using volume metrics for confirmation. Gap Fading: Trade around fair value gaps, ...
Adjust Lookback Periods: Tune swing/internal lookbacks for your asset and timeframe. Use Alerts: Set up TradingView alerts for key events to avoid missing trade opportunities. Combine Features: Use multiple features (e.g., order blocks + FVG + market ...
Initialization: Sets up user inputs, color schemes, and initializes variables and arrays. Market Structure Calculation: Detects pivots and determines structure events (BOS, CHoCH, etc.). Updates trend state and triggers drawing/alerts. Order Block &a ...