Price Action Master
Price Action Master
Description
Advanced price action patterns with institutional trading concepts. This sophisticated tool helps traders identify and analyze high-probability price action setups using institutional trading principles.
Key Features
- Advanced pattern recognition
- Institutional price action concepts
- Smart pattern filtering
- Multi-timeframe analysis
- Real-time pattern alerts
- Historical pattern backtest
Technical Specifications
- Platform: MetaTrader 4 & 5
- Version: 2.3.0
- Last Update: January 2024
- Compatible With: Windows, Mac (via MT4/5)
Installation Steps
- Download the indicator from MQL5 marketplace
- Open your MetaTrader platform
- Go to File > Open Data Folder
- Navigate to MQL4/MQL5 > Indicators folder
- Copy the downloaded file into this folder
- Restart MetaTrader
- Find the indicator in your Navigator window
Getting Started
After installation, you can start using the indicator by following these steps:
- Add the indicator to your chart
- Configure pattern recognition settings
- Set up your preferred timeframes
- Adjust institutional filter parameters
- Configure alert settings
- Begin analyzing price action patterns
Frequently Asked Questions
What price action patterns does it detect?
The indicator detects various institutional patterns including supply/demand zones, order blocks, liquidity sweeps, and market structure breaks.
How accurate is the pattern recognition?
The pattern recognition uses advanced algorithms with institutional trading logic, providing high-probability setups. However, it’s recommended to use proper risk management and combine with other forms of analysis.
Can I customize pattern parameters?
Yes, you have full control over pattern recognition parameters, allowing you to fine-tune the detection to match your trading style.