About the TPA True Price Action Indicator
The TPA True Price Action indicator for MT4 is a no-repaint trading tool designed to deliver precise trend-based entry and re-entry signals.
It focuses purely on price behavior, making it suitable for traders who prefer clean charts and direct market signals.
Once applied to the chart, the indicator plots arrows directly on price, exactly as seen in live market conditions.
These arrows highlight moments when momentum aligns with the prevailing trend, allowing traders to enter or re-enter positions with confidence.
The indicator adapts well to different trading styles.
It can be used for fast-paced scalping, intraday setups, or broader swing trades.
Because it does not repaint signals, traders can rely on historical performance when reviewing or testing their approach.
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Key Features
- No repaint price action indicator.
- Provides trend entry and re-entry signals.
- White arrows for buy signals.
- Yellow arrows for sell signals.
- Suitable for scalping, day trading, and swing trading.
- Works on all currency pairs and timeframes.
- Effective during high-volatility trading sessions.
Indicator Chart
Example chart showing the TPA True Price Action indicator applied to a forex pair.
The chart displays white and yellow arrows plotted directly on price action.
These arrows signal trend entries and continuation opportunities, helping traders stay aligned with active market momentum.
Guide to Trade with TPA True Price Action
Buy Rules
- Wait for a white arrow to appear on the chart.
- Open a buy trade immediately after the signal forms.
- Trade in the direction of the prevailing trend.
Sell Rules
- Wait for a yellow arrow to appear on the chart.
- Open a sell trade immediately after the signal forms.
- Trade in the direction of the prevailing trend.
Stop Loss
- Set the stop loss 2 pips below support for buy trades.
- Set the stop loss 2 pips above resistance for sell trades.
Take Profit
- Close buy trades when a yellow arrow appears.
- Close sell trades when a white arrow appears.
TPA True Price Action + SuperTrend MTF MT4 Scalping Strategy
This MT4 scalping strategy combines the TPA True Price Action Indicator and the SuperTrend MTF Forex Signal Indicator.
With the TPA indicator, you open a buy trade as soon as a white arrow appears (signalling bullish strength) and open a sell trade as soon as a yellow arrow appears (signalling bearish strength).
The SuperTrend line acts as a trend filter: a green line means a bullish trend, a red line means a bearish trend.
This combination helps you scalp short-term moves in major forex pairs, especially on the 5-minute and 15-minute charts, during active market hours.
It is aimed at traders who like fast entries, tight stops, and frequent opportunities.
Buy Entry Rules
- Ensure the SuperTrend line is green (indicating a bullish trend).
- Wait for the TPA indicator to display a white arrow (buy signal).
- Enter a buy trade immediately on the candle close when the white arrow appears and SuperTrend is still green.
- Place a stop loss a few pips below the recent swing low or below the low of the signal candle.
- Set a take profit target of 10-20 pips for M5 or 20-30 pips for M15, or close the trade as soon as the SuperTrend line turns red.
Sell Entry Rules
- Ensure the SuperTrend line is red (indicating bearish trend).
- Wait for the TPA indicator to display a yellow arrow (sell signal).
- Enter a sell trade immediately on the candle close when the yellow arrow appears and SuperTrend is still red.
- Place a stop loss a few pips above the recent swing high or above the high of the signal candle.
- Set a take profit target of 10-20 pips for M5 or 20-30 pips for M15, or close the trade as soon as the SuperTrend line turns green.
Advantages
- Clear, discrete signals from TPA (white/yellow arrows) make entry timing straightforward.
- The SuperTrend filter helps ensure trades go with the trend rather than against it.
- Designed for scalping: small targets, fast execution, suited for active sessions.
- Works well on major pairs with good liquidity and relatively tight spreads.
Drawbacks
- The SuperTrend may lag in very sharp reversals, meaning you might enter late or exit late.
- You need to monitor the chart actively because scalping demands quick decision‐making and risk management.
Case Study 1: EURJPY 5-Minute Chart
During the London session, EURJPY showed a green SuperTrend line signalling a bullish market context.
The TPA indicator produced a white arrow at 134.12 as momentum shifted upwards.
A buy trade was entered at 134.12 with a stop at 134.00.
The move progressed quickly and hit a take profit at 134.30 (18 pips) before the SuperTrend line flipped red, prompting exit.
Case Study 2: USDCAD 15-Minute Chart
During the New York session, USDCAD had a red SuperTrend line showing a bearish trend.
The TPA indicator then displayed a yellow arrow at 1.3156.
A sell trade was opened at 1.3156 with a stop at 1.3170.
Price dropped to 1.3128 (28 pips) before the SuperTrend line turned green, signalling the trend shift and thereby suggesting closing the trade.
Strategy Tips
- Use major currency pairs (EURUSD, EURJPY, USDJPY, USDCHF, USDCAD) for the best liquidity and tighter spreads.
- Prefer active trading sessions (London open, New York open) where momentum is higher.
- Use the 5-minute chart for more frequent signals and the 15-minute chart when you want fewer, stronger setups.
- Stick to predetermined stop-loss sizes and risk per trade (e.g., 0.5-1% of account).
- If the TPA arrow appears but the SuperTrend line hasn’t changed or is mixed, skip the trade — patience pays in scalping.
Download Now
Download the TPA True Price Action Indicator
FAQ
How does the indicator identify trend entries?
The indicator analyzes real-time price movement and momentum.
Arrows are plotted when price conditions align with the active trend.
Is the TPA indicator effective in fast markets?
Yes. It performs well in volatile conditions, making it suitable for active trading during major market sessions.
Can I use this indicator for re-entry trades?
Yes. The indicator provides re-entry signals that allow traders to rejoin an existing trend after short-term corrections.
Does the indicator require additional filters?
It can be traded on its own, but many traders combine it with higher-timeframe trend analysis for added confidence.
Summary
The TPA True Price Action indicator offers a focused approach to trading trend momentum without repainting signals.
By relying solely on price behavior, it delivers timely entries and continuation opportunities.
Its flexibility across scalping, day trading, and swing trading makes it suitable for different trading styles.
With simple visual signals and reliable performance in trending markets, the indicator supports disciplined and efficient trade execution.
