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Price Action Diver Power - Manual Eng

PRICE ACTION DIVER POWER is a trading system that analyzes markets and identifies price reversal and retracement signals according to divergence and convergence rules. It provides clear signals for opening and closing trades, as well as take profit levels. Signals are also sent via push notifications. The indicator can be configured for different currency pairs and timeframes after analyzing historical price data. It works best when adjusted for each specific currency pair based on its price movement dynamics. Traders can simultaneously track multiple currency pairs to receive daily signals. Take profit orders can alternatively be placed at the 0% Fibonacci retracement level in case traders cannot close positions manually.

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Adnan Wasim
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516 views

Price Action Diver Power - Manual Eng

PRICE ACTION DIVER POWER is a trading system that analyzes markets and identifies price reversal and retracement signals according to divergence and convergence rules. It provides clear signals for opening and closing trades, as well as take profit levels. Signals are also sent via push notifications. The indicator can be configured for different currency pairs and timeframes after analyzing historical price data. It works best when adjusted for each specific currency pair based on its price movement dynamics. Traders can simultaneously track multiple currency pairs to receive daily signals. Take profit orders can alternatively be placed at the 0% Fibonacci retracement level in case traders cannot close positions manually.

Uploaded by

Adnan Wasim
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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PRICE ACTION DIVER POWER is a ready-made trading system which independently analyzes the market and determines

the key moments of price reversal and rollback according to the rules of Divergence and Convergence.

The indicator gives clear signals about opening and closing trades, as well as shows the levels for placing Take Profit.

All trade alerts duplicate in the form of PUSH-notifications. You can place a trading platform with indicator PRICE ACTION
DIVER POWER on the VPS-server, receive trading signals on your smartphone and trade using the mobile version of the
MT4 or MT5.

The function of visualization of signals and calculation of statistics shows trading history WITHOUT REDRAWING, and
also allows the user to adjust the parameters of the indicator for each specific currency pair or timeframe.

The FIRST START of PRICE ACTION DIVER POWER indicator

PRICE ACTION DIVER POWER is a multi-currency indicator which simultaneously assesses the entire market basket (all
available currency pairs). Therefore, to start the indicator operation, it is necessary:

1. Add all available currency pairs in the «Market Watch» tab:


2. Before the first installation of the indicator, it is necessary to open all charts of quotes from the "Market Watch"
tab so that your trading platform automatically downloads all the quotes history necessary for the indicator to work.

How to setup PRICE ACTION DIVER POWER

After installing PRICE ACTION DIVER POWER on the chart, it will automatically search for divergences and convergences
on the history of quotations (on the last 5000 candles).

PRICE ACTION DIVER POWER configured by default for H1 timeframe EUR/USD. With these settings it works well on
many others currency pairs. However, it should be understood that each currency pair has its own dynamics of
movement. Therefore, for the best performance of the indicator, it is desirable to carry out its independent fine-
tuning for each currency pair and timeframes!!!

For maximum trading efficiency with PRICE ACTION DIVER POWER, I advise you to use the indicator simultaneously
on all available pairs. This way you will receive trading signals every day! If you have little time to trade, I recommend
using the H4 timeframe.

SELF-ADJUSTMENT of PRICE ACTION DIVER POWER


To configure the indicator, use signal levels:
Change their value so that on the indicator scale these levels are located in the places of the most frequent reversal of
the POWER line:

An important value is the PROFIT FACTOR parameter on the information display of the indicator. It shows how many
times the amount of loss exceeds the amount of loss. The higher the Profit factor, then better you set up the indicator.

Thus, it is necessary to adjust the indicator by yourself:

2. Set signal levels on the places of the most frequent POWER-line reversal.
3. After your setup you got a lot of signals on a history of the quotes chart.
4. The profit factor value must be above «1.5».

HOW TO TRADE USING PRICE ACTION DIVER POWER

Immediately after generated the signal of divergence or convergence, indicator will place a special line on the quotes
chart and place a similar line on the DIVER POWER indicator scale.

• If the line connects the two lows on the quotes chart - is a signal for a SELL trade:
• If the line connects two peaks on the quote chart is a signal for a SELL trade:

When such signals occur, the indicator displays an audio-visual alert and sends a PUSH-notification to the user's
smartphone (if you have configured such a service).
Trades are closed after crossing the POWER line on the lower level 0 indicator. Immediately after crossing the
indicator shows an audio-visual alert and sends a PUSH notification to the user's smartphone.

Thus, PRICE ACTION DIVER POWER will give you signals for BUY and SELL, as well as signals about the need to close
your trades.

ALTERNATIVE ALGORITHM OF CLOSING DEALS

I am a trader just like you and I understand that it is not always possible to close deals in time (for example, you can
sleep or do important things at this time, or you will not have an Internet signal). For such cases, I have provided an
alternative way to close deals – this is the level of 0% FIBO CHANNEL, the percentage expansion of which the indicator
placed directly on the chart.

Thus, at the conclusion of the deal, you can put a fixed level of Take Profit at the level of 0% FIBO CHANNEL. This level
will help your trade close automatically if you are unable to reach your trading platform in time!

Another important recommendation is the right choice of broker. We all want the best conditions for trading,
but we often open trading accounts in bad companies. If you want the best trading conditions – then work
with the Australian broker ICMarkets (large leverage - 1:500, minimum deal - 0.01, minimum deposit - 200
EUR, USD, GBP, AUD, NZD, CAD …, minimal spreads and super-fast execution of trading orders). Me and all my
friends trade with this broker! Because it is the best and most comfortable broker in the world!
Thank you and see you soon!
P.S. I will constantly improve of indicator PRICE ACTION DIVER POWER.
P. P. S. After each update I will complement this manual.
P.P.P.S. Sorry for my bad English!

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