Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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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.