Price Action [Morty]

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This price action indicator uses the higher timeframe SSL channel to identify trends.

The long entry signal is a bullish candlestick pattern when the price retraces to EMA20 in an uptrend.
The short entry signal is a bearish candlestick pattern when the price retraces to the EMA20 in a downrend.

Currently, this indicator shows engulfing patterns, pin bar patterns, 2 bar reversal patterns and harami patterns.

It also shows a volatility squeeze signal when the Bollinger bands is within the Kelter channels.
The buy and sell signal can also be filter by the ADX indicator greater than a threshold.

You can set your stoploss to the previous low/high when you go long/short.
The risk/reward ratio could be 1 to 1.5.

This indicator can be used in any market.

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ملاحظات الأخبار

Fix typo