TradersAlly Above/Below - Price Action Indicator

Master the Break of Levels with Precision Entry Signals

The TradersAlly Above/Below indicator is a powerful price action indicator designed for traders who understand that the simplest strategies are often the most effective. Built on the timeless principle of break of levels, this indicator automatically identifies high-probability entry zones based on the previous bar's direction, giving you clear, actionable signals without cluttering your charts.

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How It Works

The concept is elegantly simple yet remarkably effective. When a bar closes bearish, smart money often looks to enter long positions above that bar's high. Conversely, when a bar closes bullish, institutional traders frequently seek short entries below that bar's low. The Above/Below indicator automates this price action analysis, plotting precise entry levels with customizable offsets so you never miss a setup.

Each signal appears as a clean horizontal line extending from the current bar, clearly labeled with the exact entry price. Green lines indicate long opportunities above bearish bars, while red lines mark short setups below bullish bars. No lagging indicators, no complex calculations—just pure price action trading at its finest.

Built-In Performance Tracking

What truly sets the Above/Below indicator apart is its comprehensive statistics engine. Unlike other price action indicators that leave you guessing about performance, this tool tracks every signal in real-time, providing detailed breakdowns of:

• Long Trade Performance: Win rate, total wins/losses, and profit in dollars

• Short Trade Performance: Separate tracking for directional bias analysis

• Combined Statistics: Overall system performance at a glance

• Runner Performance: Independent tracking for scaled exit strategies

The indicator automatically calculates profit using your instrument's actual point value—whether you're trading NQ, ES, CL, or any other futures contract. Simply set your contract size and watch your simulated P&L update with each completed trade.

Professional Features for Serious Traders

Flexible Take Profit & Stop Loss: Define your risk-reward parameters in points. The indicator visually displays TP and SL levels for every active trade, helping you manage positions with confidence.

Runner Order Support: Enable the optional runner feature to test scaled exit strategies. Your main position targets one take profit level while the runner aims for extended moves—each tracked separately in the statistics panel.

Time Filter: Focus your analysis on specific trading sessions. Filter statistics to regular trading hours only, eliminating overnight noise and giving you accurate performance data for your actual trading window.

Fully Customizable Visuals: Adjust colors for long signals, short signals, take profit lines, stop loss lines, and statistics text. Set your preferred font size and line length to match your chart setup perfectly.

Who Is This For?

The Above/Below indicator is ideal for:

• Scalpers looking for quick break of levels setups on lower timeframes

• Swing traders seeking confirmation entries on higher timeframes

• Strategy developers who want to backtest price action concepts visually

• New traders learning to read market structure and price action patterns

Why Choose TradersAlly Above/Below?

Stop second-guessing your entries. Stop manually tracking your win rate on sticky notes. The Above/Below price action indicator combines time-tested break of levels methodology with modern performance analytics, giving you everything you need to trade with confidence and continuously improve your edge.

Works on any timeframe. Works on any instrument. Works for traders who demand clarity and precision.

Download the TradersAlly Above/Below indicator today and transform how you trade price action.