Idea Behind:
Buying the short-term trend that shows a pin-bar candlestick pattern. Meant to be traded on a daily chart / higher timeframe.
To determine the short-term trend we use short EMA such as 8-16-30 and check the slope of each one, and definitely, the shorter one must be above the longer one for an uptrend. Vice versa for a downtrend.
To determine a...
Candlestick Channels return channels whose extremities converge towards the price when a corresponding candlestick pattern is detected. This allows for us to obtain more reactive extremities in the presence of a cluster of candlestick patterns.
The detected candlestick patterns are also highlighted with labels on your chart automatically.
Settings
Trend...
This inverted hammer indicator has several options that help identify instances with a higher probability of success.
For example, inverted hammers may have a higher success rate when they:
- Breaks the previous day's high
- Close higher than the previous close
- Have a large upper wick
- Have a small lower wick
etc.
Play with the options on your chart of choice...
Indicator that highlights Hammer, Inverted Hammer, Engulfing, and Harami candlestick patterns. Great for those looking for a quick way to show the most popular reversal patterns on the charts.
Options will allow you to select to show Hammers, Engulfing or Harami patterns only. You choose the combinations that you want. Great tool to learn and training your...
Dear Followers,
today a new Price Action Tool , the "Pinbar that matters" , also known as Hammer (bullish case) and Inverted Hammer (bearish case).
Everybody knows the importance of pinbar to highlight
reaction at support or resistance range , as well as at supply and demand zones
market makers' actions
trend switching in short-term and mid-term...
Script contains Inverted Hammer and Shooting Star models. User can select period for candle size calculation (for distinguish short and long candles), on/off highlighting of pattern candles.
![ETHBTC: Candlestick Channels [LuxAlgo]](https://s3.tradingview.com/p/pzUpBSIm_mid.png "Candlestick Channels [LuxAlgo]")
![XBTUSD.P: [astropark] Pinbar that matters](https://s3.tradingview.com/l/lndKnFpE_mid.png "[astropark] Pinbar that matters")
