Fusion Monthly Levels PinBar Marubozu
- Indicators
- N'da Lemissa Kouame
- Version: 1.0
- Activations: 5
📝 Description
This unique indicator merges three powerful technical analysis tools into one:
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Monthly Levels (High, Low, Open, Close) – to identify key support and resistance zones.
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PinBar Detection – a reliable reversal candlestick pattern signaling price rejections.
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Marubozu Detection – strong trending candles that indicate directional momentum.
Thanks to this fusion, you get a visual, comprehensive, and responsive tool to anticipate market moves.
🚀 Advantages
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Combines institutional levels + price action.
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Clear visual signals: blue/red arrows for PinBars, blue/red squares for Marubozu.
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Works on all assets (Forex, Indices, Crypto, Commodities, Stocks).
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Customizable parameters (reference timeframe, wick size, arrow style).
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Optimized code with zero lag, even on multiple charts.
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Fully compatible with MetaTrader 5.
🔔 Signals
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Bullish PinBar → blue arrow below the candle.
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Bearish PinBar → red arrow above the candle.
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Bullish Marubozu → blue square below the candle.
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Bearish Marubozu → red square above the candle.
Monthly Levels:
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Red = Monthly High
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Blue = Monthly Low
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Green = Monthly Open
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Orange = Monthly Close
⚙️ Settings
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Ref_Timeframe → choose the reference period (default: Monthly).
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Arrow_Offset_Pts → vertical offset for arrows/squares.
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WickMaxRatio → maximum wick size to validate a Marubozu.
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Wingdings Codes → customize symbols (arrows, squares, etc.).
📊 How to Use
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Identify key zones (Monthly High/Low).
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Wait for a PinBar or Marubozu to form near these levels.
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Confirm entry with additional tools (trend, volume, indicators).
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Suitable for scalping, day trading, and swing trading.
🎯 Ideal For
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Price Action traders.
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Traders looking for an all-in-one indicator to simplify charts.
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Both beginners and advanced traders aiming to anticipate reversals and trend continuations.
