BPAX Tags
BPAX Tags builds upon Al Brook's price action abbreviation and extends it using a naming convention similar to the suffixes of equipment in games like Diablo II. For example, in Diablo II, a shield named "Jeweler's Monarch of Balance
" is shown in the right image. The shield has two suffixes, each with its own unique attributes:
Balance
:10% Faster Hit RecoveryJeweler
:Socketed (4)
BPAX Tags follows similar principle, the suffix after "-" is used to describe the pattern before the "-", for e.g:
- by Size: -S, -L, -XL.
- by Shape: -WT, -WB, -DT, -DB.
- by Success or Failure: <none>, -F.
<none>
: Success-F
: Failure- Example:
- MTR-HL. Successful MTR with a higher low (HL).
- MTR-HL-F. Failed HLMTR.
- by Others: ATH.
-O
: Open-ATH
: All time high- Example:
- BX-ATH. BX into ATH (all time high).
- <More to come...>
Other ideas[edit | edit source]
For two different patterns but "connected", i.e. pattern comes one after another, here is an example:
- SXFO TR BRT. This means there is SX from the open (SXFO), then Trading Range (TR), then Bear Trend (BRT) resumption, like 20230815.