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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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Ultimate Gold Advisor for MetaTrader 4 The Ultimate Gold Advisor is an advanced technological tool designed to optimize the trading experience on MetaTrader 4. Created to meet the needs of experienced traders, this indicator combines precision, sophisticated analysis, and versatile functionality, offering support for informed trading decisions. Ideal for gold trading but also applicable across a wide range of assets, the Ultimate Gold Advisor can help you improve your market strategies. What ma
Gann Swing Structure
Kirill Borovskii
5 (1)
Indicators
This indicator is based on the mathematics of the great trader W.D. Ganna. With its help, you can easily find strong levels by analyzing swings to find the optimal entry point. The indicator works on all instruments and all timeframes. The indicator is fully manual and has control buttons. All you need to do is press the NEW button, a segment will appear, which you can place on any movement, swing or even 1 candle that you want to analyze. By placing the segment, press the OK button. A grid (th
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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.
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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.
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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.