Price Action Lab Home The Most Advanced Tool for Analyzing Price Action and Discovering Trading Systems

Product Manual

The full product manual offers a comprehensive guide for getting familiar with Price Action Lab and utilizing all its functions and features. The manual is included with the demo version. You can download the manual in pdf or html format:

DESCRIPTION

FORMAT

DOWNLOAD LINK

Version

Online manual

html

Click here

3.0

PDF    manual

pdf

Click here

3.0

We strongly recommend reading the manual carefully before testing the demo. In the manual introduction there is a list of FAQs about data conversions and compatibility with various data formats.

Price Action Lab Features

Automatic search for price patterns that fulfill user-defined performance criteria and risk/reward parameters. Search for patterns that are profitable across multiple securities (v3.0)

Automatic scan for price patterns formed as of the close of the last bar that fulfill user-defined performance criteria and risk/reward objectives. Multiple directory scan capability with multiple risk/reward parameters.

p-Indicator calculations and significance values

Pattern back and forward testing capability, including bulk testing of all patterns in the results

Delay pattern search with automatic optimum delay determination

Price pattern database creation and manipulation

Pattern code generation in pseudocode, EasyLanguage, Metastock formula code, Wealth-lab script, Telechart PCF, NinjaTrader, MetaTrader script and Amibroker AFL. Raw code generation in a text file.

Grouping patterns for addition to system tracking. Unlimited number of systems allowed.

Signal and open position tracking of user-defined trading systems saved in system tracking.

Unlimited number of search, scan and p-indicator workspaces with multiple data files and parameters.

Intraday price pattern search capability  (use with tick data not recommended)

ASCII data conversion utilities and intraday data file conversion

File test and maintenance plus a profitability and position size calculator

discover trading systems automatically
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