| PDF Title | : | Day Trading With Price Action Indicator Manual |
| Author | : | Glen Woods |
| Language | : | English |
| Publisher | : | tradingsetupsreview.com |
| Format | : | |
| Total Page | : | 33 Pages |
| PDF Size | : | 1.20 MB |
| PDF Link | : | Read and Download |
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“This indicator plots the Congestion Zone by drawing a rectangle to surround the congested price action area. Some Congestion Zones are concentrated at a single price level.
For such instances, a horizontal line, instead of a rectangle, will be drawn. As a Congestion Zone is only confirmed with its third bar, the first and second bars are included into the marked Zone retrospectively.
It also marks out arrows for Congestion Break-out Failures. An upwards pointing arrow marks out the setup bar for a bullish pattern. A downwards pointing arrow marks out the setup bar for a bearish pattern.”
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