Price Action Patterns + Style Filter by dany

Price Action Patterns + Style Filter by dany
✅ Purpose

This indicator is designed to identify high-probability price action patterns and trend structure across different trading styles.
It displays clear labels attached directly to candles, allowing traders to:

Detect reversal patterns

Confirm pullbacks within strong trends

Avoid false signals from indecision candles

Trade using a structured style (Scalping, Intraday, Swing)

🔥 Key Features
1️⃣ Multi-Style Trading Structure

The indicator supports three trading styles:

Style Structure Timeframe Description
Scalping 5m / 15m structure Uses higher timeframe structure to confirm trend while trading 1m
Intraday 1H / 2H / 4H structure Best for day traders who trade in short swings
Swing Daily / Weekly / Monthly structure Best for longer-term swing trading

This helps the indicator understand trend direction and avoid trading against market structure.

🧠 How Trend is Detected

The indicator determines the trend using higher timeframe structure:

🔺 Uptrend

When the higher timeframe shows:

Higher Highs

Higher Lows

🔻 Downtrend

When the higher timeframe shows:

Lower Highs

Lower Lows

➖ Flat

If neither condition is true.

🕯️ Candlestick Patterns Detected

This indicator identifies the following patterns:

✅ 1. Dragonfly Doji

📌 Bullish Reversal Pattern
A candle with:

Long lower wick

Small body at top

Minimal upper wick

📌 Meaning: Buyers step in after sellers push price down.

❌ 2. Gravestone Doji

📌 Bearish Reversal Pattern
A candle with:

Long upper wick

Small body at bottom

Minimal lower wick

📌 Meaning: Sellers take control after buyers push price up.

🔥 3. Morning Star

📌 Bullish 3-candle reversal pattern
Sequence:

Big red candle

Small indecision candle (Doji)

Big green candle

📌 Meaning: Buyers overpower sellers.

🔥 4. Evening Star

📌 Bearish 3-candle reversal pattern
Sequence:

Big green candle

Small indecision candle (Doji)

Big red candle

📌 Meaning: Sellers overpower buyers.

🔁 5. Harami (Mother & Baby)

📌 Reversal pattern
A large candle followed by a smaller candle contained within its range.

Bullish Harami: Red candle followed by small green candle

Bearish Harami: Green candle followed by small red candle

🔁 6. Tweezers

📌 Double top / double bottom pattern

Tweezer Top: Green candle followed by equal-sized red candle

Tweezer Bottom: Red candle followed by equal-sized green candle

🧠 Psychology-Based Filtering

This indicator filters signals using price psychology:

🚫 Ignored Signals

It ignores standard indecision dojis because they often lead to false signals in sideways markets.

🔁 Pullback Confirmation

During strong trends, the indicator does not signal reversal unless a pullback happens.

✅ Bullish pullback entry

Uptrend structure

Price pulls back below EMA(50)

Dragonfly Doji or Tweezer Bottom appears

✅ Bearish pullback entry

Downtrend structure

Price pulls back above EMA(50)

Gravestone Doji appears