This indicator finds 3 fairly strong patterns:
- Candle “top””
- The hammer or the hanged man
- Inverted Hammer or Shooting Star
These patterns can signal the continuation of the trend or its change, depending on the location of the patterns.
- Support-link to help the project
- Distance – the distance from the candle to the formed signal
Important: The larger the timeframe, the greater the Distance value must be for the signal to be displayed correctly
- Suitable for any currency pair
- Works on any timeframe
- Calculates a large number of signals on the history
- 1-Finding the top pattern
- 2 – Finding the hammer pattern
- 3-Finding the inverted hammer pattern