This article demonstrates the use of a customized cTrader indicator that will alert you when the price of any symbol close to a major pivot point, download the indicator and see if it works for you.
The Price Action Trading Indicator (P.A.T.I) is an indicator to help you trade price action with the discipline of making all of your trading decisions from a stripped down price chart. This means no indicators outside of maybe a couple moving averages to help identify dynamic support and resistance areas and trend.
As traders, we strive to trade the psychology of price levels not the news or the noise. The 34-EMA Wave, GRaB Candles allow us to anchor ourselves to a systematic approach and then build on that foundation.
The Fractal Adaptive Moving Average aka FRAMA is a particularly clever indicator. It uses the Fractal Dimension of stock prices to dynamically adjust its smoothing period. These moving averages follow the logic of most moving averages, except for the fact that they take the cyclical pattern of the market into account.
You can now easily see a Forex Heat-Map for the cTrader trading platform for the major currency pairs by using this pop-up panel which shows graphically your heat-map.
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