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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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How to use Pair Trading Station Pair Trading Station is recommended for H1 time frame and you can use it for any currency pairs. To generate buy and sell signal, follow few steps below to apply Pair Trading Station to your MetaTrader terminal. When you load Pair Trading Station on your chart, Pair Trading station will assess available historical data in your MetaTrader platforms for each currency pair. On your chart, the amount of historical data available will be displayed for each currency pai
Market Structure Patterns MT4
Samuel Manoel De Souza
5 (15)
Indicators
Market Structure Patterns   is an indicator based on   smart money concepts   that displays almost all of the   SMC/ICT   elements needed to take your trading decisions to the next level. Take advantage of the   alerts ,   push notifications   and   email messages   to keep informed from when an element is formed on the chart, the price crosses a level and/or enters in a box/zone. Developers can access the values of the elements of the indicator using the   global variables  what allows the aut
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Version 1.1 2020.03.25
The indicator was recompiled on MT4 build 1260 in order to improve the performance, get the latest fixes and support the latest features of the MT4 library.