[astropark] Pinbar that matters

10 Jun 2020

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

• on every timeframe (eg. 5m, 15m, 30m, 1h, 2h, 4h, 6h, 1D, ...)
  
• on cryptocurrencies (eg. XBTUSD, ETHUSD, ETHBTC, both USDT and BTC markets, ...)
  
• on forex (eg. EURUSD, GPBUSD, JPYUSD, ...)
  
• on stocks (eg. AMZN, FB, TSLA, GOOG, NFLX, ...)
  
• on commodities (eg. GOLD, SILVER, OIL, ...)
  

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.