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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
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