Price Action Demo

This is a demo version of the Price Action Full indicator. It has limitations on operation.

This indicator looks for 3 rather strong patterns:

• Spinning Top pattern
• Hammer or Hanging Man
• Inverted Hammer or Shooting Star

These patterns may indicate a trend continuation or its reversal, depending on the location of the patterns.

Input parameters

• Zero - consider candles without a body
• Multiplier for hammerhigh - multiplier for the larger shadow of the Hammer
• Multiplier for hammerlow - multiplier for the smaller shadow of the Hammer
• Multiplier for wolf - multiplier for the shadows of the Spinning top candles
• Number of trend candles before signal - the number of trend candles before a pattern is formed
• Inform about finding the signal - alert when a signal is found
• Multiplier for hammerhigh specifies how many times the larger Hammer shadow must be larger than the Hammer body (increase the parameter value to filter signals).
• Multiplier for hammerlow specifies how many times the smaller Hammer shadow must be smaller than the Hammer body (decrease the parameter value to filter signals).
• Multiplier for wolf specifies how many times the larger Spinning top shadow must be larger than the Spinning top body (increase the parameter value to filter signals).

Indicator Features

• Suitable for any currency pair
• It works only on GBPUSD with the M1 or M5 timeframe.
• Calculates a large number of signals in history
• It has flexible signal identification settings
• It can send notifications when a signal is found
• It features a built-in signal filtering.

Signal Types

1. Found the Spinning top pattern
2. Found the Hammer pattern
3. Found the Inverted Hammer pattern