Here is the list of great technical indicators for Price Action Trading. Both MetaTrader 4 and MetaTrader 5 versions are available.
1. Chart Pattern MT
Detecting price patterns like Triangle, Falling Wedge, Rising Wedge, Double Top, Double Bottom, Head and Shoulder, Reverse of Head and Shoulder, Cup and Handle or Cup with Handle, Reverse of Cup and Handle or Cup with Handle. What is even better, this is non repainting indicator, which means great for your trading. Plus this indicator can detect 52 Japanese candlestick patterns.
2. Ace Supply Demand Zone indicator
Ace Supply Demand Zone indicator is a great indicator to extend support and resistance concept into supply and demand zone. This is powerful and great as it uses non repainting and non lagging algorithm.
3. Mean Reversion Supply Demand
Mean Reversion Supply Demand is another affordable supply and demand zone trading system but with a lot of rich features. For your information, both ace supply demand zone and mean reversion supply demand use a complete different algorithm.
4. Price Breakout Pattern Scanner
Price Breakout Pattern Scanner can also detect price patterns like riangle, Falling Wedge, Rising Wedge, Double Top, Double Bottom, Head and Shoulder, Reverse of Head and Shoulder. In addition, you can use the power of smart renko together.
Image and article originally from www.mql5.com. Read the original article here.