Galen Woods Price Action Timeframe Index — Indicator by galenwoods

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.

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact galenwoods for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

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