ABC Trading Concept

The ABC Trading Concept indicator analyzes the market through waves, impulses, and trends, helping identify key reversal and trend-change points. It automatically detects waves A, B, and C, along with stop-loss and take-profit levels. A reliable tool to enhance the accuracy and efficiency of your trading.

Key Features of the Indicator:

1. Wave and Trend Identification:

• - Automatic detection of waves based on moving average (MA) crossings and ATR indicator values.
  
• - Filtering out false signals by considering market movement ranges.
  

2. Trend Analysis:

• - Determination of trend directions (uptrend or downtrend).
  
• - Setting trend change points (g-points) and tracking their breakout to confirm trend reversals.
  

3. Impulses and Corrections:

• - Automatic division of trend movements into impulses and corrections.
  
• - Calculation of dynamic and fixed extremums for precise market structure tracking.
  

4. Reversal Points:

• - Establishing the reversal point level within the range of a completed correction.
  
• - Flexible settings to prevent the appearance of overly weak points.
  

5. Waves A, B, and C:

• - Identification of wave A when the correction breaks the reversal point.
  
• - Identification of wave B considering counter-trends or alternative parameters.
  

6. Correction Boost:

• - Calculation of correction boosts to determine their significance.
  
• - Automatic update of reversal points based on boosted corrections.
  

7. Vic Sperandeo’s Trendline:

• - Construction of a trendline between the trend’s fixed extremum and the last correction’s extremum.
  
• - Utilizing the Vic line as an additional condition for forming waves A and B.
  

8. Stop-Loss and Take-Profit Levels:

• - Upon the appearance of a new trend, the indicator automatically plots potential stop-loss and take-profit levels.
  
• - Levels are calculated based on the extremums of wave A or wave B (settable in the indicator’s input settings).
  

Advantages of Using the Indicator:

• - Enhances the accuracy of market structure analysis.
  
• - Reduces the impact of false signals by filtering market noise.
  
• - Offers flexible parameter settings to adapt to your trading style.
  
• - Clearly displays entry and exit points on the chart.
  

The ABC Trading Concept is ideal for both beginner and professional traders looking to improve their trading by leveraging clear market structures and key analysis points.

Additional Information:

For optimal performance, the indicator requires the user to input key parameters, including moving average lengths, ATR coefficient for wave identification, and levels for reversal points and correction boosts. All settings can be adjusted to fit your trading preferences.