The TPA True Price Action MT4 indicator is a true no-repaint indicator that provides great trend entry signals.
After loading the TPA indicator onto the chart, it shows up exactly as can be seen at the GBP/JPY M1 chart below.
The indicator provides entry signals and re-entry signals in a trending market.
Basically, it can be used for scalping, day trading and swing trading.
- A buy signal occurs when the white arrow pops up on the chart.
- A sell signal occurs when the yellow arrow pops up on the chart.
For fast profits, the indicator allows you to re-enter in the direction of the prevailing trend.
For scalping, it’s best to deploy it during the London and American trading sessions on the more volatile pairs.
The GBP/JPY 1-minute chart below displays the TPA True Price Action MT4 indicator in action.
Basic Trading Signals
Signals from the TPA True Price Action MT4 indicator are easy to interpret and goes as follows:
Buy Signal: Open a buy trade as soon as the white arrow appears on the chart.
Set your desired stop loss for buy trades.
Take profit when an opposite trading signal (yellow arrow) appears on the chart.
Sell Signal: Open a sell trade as soon as the yellow arrow appears on the chart.
Set your desired stop loss for sell trades.
Take profit when an opposite trading signal (white arrow) appears on the chart.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Customization options: Colors, Width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, Daily, Weekly, Monthly
Copy and paste the TPA True Price Action Forex indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)