This indicator finds 3 fairly strong patterns:
Spinning Top
Hammer or hanged man
Inverted Hammer or Shooting Star
These patterns can signal the continuation of a trend or its change, depending on the location of the patterns.
Price Action Full
$10.00
Description
Input parameters
- Zero – whether to consider candles without a body
- Multiplier for hammerhigh – Multiplier for a larger hammer shadow
- Multiplier for hammerlow – Multiplier for a smaller hammer shadow
- Multiplier for wolf – Multiplier for the shadow of the top of a candle
- Number of trend candles before signal – The number of trend candles before the formation of the pattern.
- Inform about finding the signal – Inform about finding the signal
- Multiplier for hammerhigh indicates how many times the big shadow of the hammer should be larger than the body of the hammer (To sift the signals, this parameter should be increased)
- Multiplier for hammerlow indicates how many times the smaller hammer shadow should be smaller than the hammer body (This parameter should be reduced to filter out signals)
- Multiplier for wolf indicates how many times the big shadow of the top should be larger than the body of the top (To sift the signals, this parameter should be increased)
Indicator Features
- Suitable for any currency pair
- Works on any timeframe
- Calculates a large number of signals in history
- Has flexible signal search settings
- When a signal is found, it can give an alert
- Has built-in signal filtering
Signal types
- Finding the top pattern
- Finding a hammer pattern
- Finding an inverted hammer pattern
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