Price Action Indicator

Simply drop the indicator on a chart, and you will always know when candlesticks form one of the Price Action patterns!

The indicator automatically analyzes recently closed candles, and notifies if they form any of the Price Action patterns. The following classical patterns are analyzed:

  • Pin bar
  • Outer bar
  • Pivot Point Reversal
  • Double base
  • Closing price reversal
  • Force bar
  • Mirror bars
  • Move-congestion-move

For each pattern, the indicator also shows trade direction in accordance with the classical Price Action theory. If you don't need any of the patterns, you can disable it. Additionally, you can choose the time frame the indicator will operate on. For example, while using the H1 chart, you can see Price Action patterns on H4. You can also specify the position of the indicator table on the chart, as well as font color.

Please contact the author if you have any suggestions for improving the indicator.

Notes:

  • The indicator handles actual prices taken from your broker's server. There might be discrepancies between these prices and bars that are displayed on the chart with your terminal
  • Price Action patterns are indicative and should be used in combination with other tools in order to make final decision about opening a transaction
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The indicator for automatic drawing of Fibonacci-based Moving Averages on the chart. It supports up to eight lines at a time. The user can configure the period of each line. The indicator also provides options to configure color and style of every line. In addition, it is possible to show indicator only on specific time frames. Please contact the author for providing additional levels or if you have any other suggestions.
The indicator for presenting current spread in real time. It is a very simple still useful indicator for manual trading and market analysis. The indicator shows current spread (in 4-digit format) for the selected instrument. You can specify the place on the chart where indicator shall print the output as well as output color. Please contact the author if any changes are required.
Advanced ADX indicator that allows operating on many timeframes simultaneously! Unique indicator with the ability to display ADX charts not only on the current timeframe, but also on higher ones. The example attached shows how it is possible to see 3 ADX chart on M5, M15 and M30 timeframes respectively. This functionality allows to significantly improve the accuracy of determining the trend. The Timeframe Delta parameter specifies how much the indicator’s timeframe should be different from the t
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