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LevelPAttern Demo

LevelPAttern is a technical indicator based on the daily levels and Price Action patterns. The indicator is based on the standard ZigZag indicator + reversal candlestick pattens, such as Star, Hammer (also knows as Pin bar), Engulfing and others. The indicator generates audio and text notifications when a pattern is formed and a level is touched. It also supports sending email and push notifications.


Indicator operation features

  • It is suitable for working with any CFD and FOREX trading instrument. Recommended timeframe - H1, H4 and D1
  • Formation of a pattern, or level touching + formation of a pattern can be considered a market entry signal
  • When using this indicator, it is also necessary to take the global trend into account
This version contains a number of limitations on the settings. Find the full version here.


Parameters

  • color of daytime levels - color of the daily levels
  • color of Zigzag levels - color of the ZigZag levels
  • color of buy trend patterns - color of the patterns directed upward
  • color of sell trend patterns - color of the patterns directed downward
  • pat.:hammer - enable/disable the Hammer pattern (hm)
    • pat.:hammer:max body (in point) - maximum size of a candle body in points
    • pat.:hammer:min shadow hammer handle (in % from sweep) - minimum shadow of the Hammer handle as a percentage of the candle span
    • pat.:hammer:max shadow opposite hammer handle - maximum shadow opposite to the Hammer handle as a percentage of the entire candle span
    • pat.:absorption - enable/disable the Engulfing pattern (abs)




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