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This is a demo version of the Price Action Full indicator. It has restrictions on work.

This indicator finds 3 fairly strong patterns:

  • Candle “top””
  • Hammer or 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.

  • Zero-whether to consider candles without a body
  • Multiplier for hammerhigh-Multiplier for a larger hammer shadow
  • Multiplier for hammerlow-Multiplier for the smaller hammer shadow
  • Multiplier for wolf-Multiplier for the shadows of the top candle
  • Number of trend candles before signal – The number of trend candles before the pattern is formed
  • Inform about finding the signal – Inform about finding the signal
  • Multiplier for hammerhigh specifies how many times the large shadow of the hammer should be larger than the hammer body (To filter out signals, this parameter should be increased)
  • Multiplier for hammerlow specifies how many times the smaller shadow of the hammer should be smaller than the body of the hammer (To filter out signals, this parameter should be reduced)
  • Multiplier for wolf specifies how many times the large shadow of the top should be larger than the body of the top (To filter out signals, this parameter should be increased)
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  • Suitable for any currency pair
  • It only works on the GBPUSD instrument with timeframes of 1 and 5 minutes
  • Calculates a large number of signals on the history
  • It has flexible signal search settings
  • When a signal is found, it can send an alert
  • It has built-in signal filtering

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Published

20 April 2018

Updated

Current Version

1.0

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