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MyTrading ships a native Al Brooks price action indicator that marks trends, trading ranges, reversals and second-entry signals directly on the chart, and can filter to show only strong signals. This guide explains the price-action concepts it is built on and how to read its output. Al Brooks price action is a trading methodology; this indicator implements its logic in our own original code.
What is Al Brooks price action?
In Al Brooks' framework, a market is almost always in one of two states: a trend or a trading range. Every bar is a snapshot of the fight between buyers and sellers, and trading is about probabilities, not certainty. The indicator first classifies the market phase, so every other signal is read in context instead of in isolation.
How do trends and second entries (H1/H2/L1/L2) work?
In an uptrend, each pullback that makes a lower high before the trend resumes is counted: the first attempt to resume is an H1, the second is an H2 (L1/L2 mirror this in downtrends). In Al Brooks' framework the second entry is usually higher-probability than the first, because the first attempt traps early traders. The indicator labels these counts on the chart so you see H2/L2 setups at a glance.
Why do most breakouts fail?
A breakout only counts as a success if it travels far enough to bank at least a scalp; if it cannot, it often becomes a reversal signal instead. Inside tight trading ranges — lots of overlap, small bars, long tails — breakout attempts fail most of the time. The indicator de-emphasizes breakout entries inside tight ranges so you are not chasing noise.
How do you spot reversals?
A major trend reversal needs three things in sequence: a break of the trend line, a test back toward the old extreme, and a reversal signal bar — ideally a second entry. Wedges (three pushes into converging lines) and failed breakouts are common reversal setups, and in this framework a failed setup is itself a signal in the opposite direction.
How does the indicator highlight strong signals?
Not every signal is equal. The indicator can filter to strong signals only, judged mainly by where the bar closes within its range — a strong bull bar closes near its high. You set the threshold (by default, a close in roughly the top 30% of the bar). Signals use shape, position and text labels rather than red/green alone, so they stay readable for color-blind traders.
Native indicator vs scattered TradingView scripts
Al Brooks tooling on TradingView is usually stitched together from separate third-party scripts with inconsistent parameters. MyTrading's indicator is native: around 12 configurable modules — H/L counting, pullback-quality filter, EMAs, gap series, wedges, multi-timeframe bias and measured moves — in one place, working alongside your drawings, trade plans and review.
What's next (roadmap)
🚧 In development: session-weighted A/B/C signal grading — combining setup quality with the quality of the current trading session, so the best setups in the best hours stand out. This is on our roadmap and is not shipped yet.
Start using it
Open the Al Brooks price action indicator on a live chart, or see how it fits into a full Al Brooks trading journal. For price targets, the measured move calculator projects objectives from a completed leg.
This article explains Al Brooks' price-action concepts in our own words and does not reproduce any book text or images. Last updated: 2026-06.