astropark

[astropark] Pinbar that matters

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 future

They can be both bullish or bearish, but the real problem is that not all, but only a few pinbar matters! And this tool will filter them for you.

This indicator works

This indicator has following options:
  • edit filter based on fixed or percentage volatility change
  • edit filter based on candle value size
  • show a suggestion of possible entries and stoploss

Be sure to edit both fixed and percentage volatility options in order to have a correct filter on your chart and timeframe.

You can enhance your trading by using it together with my "Engulfing that matters" and my "Breaker Blocks (BB) and Supply/Demand Order Blocks (OB)" indicators, so you can easily spot important points where to start a short or a long trade.

Here my Engulfing that matters indicator

Here my Breaker Blocks (BB) and Supply/Demand Order Blocks (OB) indicator

Here below some examples on how to use the indicator.

XBTUSD 5m

ETHUSD 15m

BNBBTC 1h

ETHBTC 12h

EURUSD 1h

JPYUSD 4h

AMZN 5m

FB 4h

XAUUSD 15m

Copper Futures 1h


Here below an example of suggested entries and stoploss


This is a premium indicator, so send me a private message in order to get access to this script.

I'm a software engineer
> I develop script & strategies
> I do 1-on-1 trading lessons & consultancies

Here a summary of all my indicators and strategies: https://bit.ly/astroparktrading

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Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact astropark for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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