INVITE-ONLY SCRIPT
Galen Woods Price Action Timeframe Index
This indicator determines if an intraday time-frame is amenable to price action analysis.
You can use it to find out the minimum time-frame that is suitable for price action analysis.
The time-frame is amenable to price action analysis if the index remains below 0.5. If the index rises above 0.5, the time-frame might not be suitable for price action analysis. In that case, consider increasing your time-frame.
It is normal to find that only certain periods in a day are suitable for price action analysis. Use these indications to focus your trading efforts.
Note: This indicator is for assessing intraday time-frames.
This indicator is available for purchase as part of Galen Woods' Day Trading With Price Action Course.
You can use it to find out the minimum time-frame that is suitable for price action analysis.
The time-frame is amenable to price action analysis if the index remains below 0.5. If the index rises above 0.5, the time-frame might not be suitable for price action analysis. In that case, consider increasing your time-frame.
It is normal to find that only certain periods in a day are suitable for price action analysis. Use these indications to focus your trading efforts.
Note: This indicator is for assessing intraday time-frames.
This indicator is available for purchase as part of Galen Woods' Day Trading With Price Action Course.
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