PROTECTED SOURCE SCRIPT

Actionable Signals: Hammers, Shooters, and Inside Bars

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#TheStrat Actionable Signals
This indicator automatically detects hammers, shooters, and inside bars, which are key reversal and continuation patterns that can signal actionable trading opportunities. These 'Actionable Signals' are based on #TheStrat methodology developed by Rob Smith.

This indicator allows you to use a 'Classic' hammer/shooter definition as well as to customize hammer/shooter candle proportions to your liking.
Pattern Types
  • Classic Hammer/Shooter - Traditional pin bar pattern featuring a small body (≤30% of range) positioned at the extreme with a long dominant wick (3x+ body ratio). The most widely recognized reversal signal.
  • Custom Hammer/Shooter - Fully adjustable pattern parameters allowing you to fine-tune detection criteria for your specific trading strategy and timeframe preferences.
  • Paddle - Strong momentum bar with a large body (up to 85%) closing within 5% of the extreme. Identifies continuation moves with conviction. Color-validated (green hammers, red shooters).
  • Rejection - Wick-dominant pattern showing price rejection at extremes. Features moderate body (≤60%) with strong rejection wick (≥40%). Color-agnostic for flexibility.
  • Inside Bar - Bar contained entirely within the previous bar's range, signaling consolidation and potential breakout setups.

Key Features
  • Multi-Pattern Detection: Enable multiple pattern types simultaneously to capture different market structures
  • Pivot Validation: Optional swing high/low requirement ensures patterns occur at meaningful inflection points
  • Session Filtering: Restrict signals to specific trading sessions across multiple timezones
  • Visual Clarity: Color-coded markers distinguish between pattern types (customize via Style settings)
  • Testing Panel: Built-in debugging tool displays detailed bar analysis for fine-tuning detection parameters

How to Use
  • Default Settings: Start with Classic, Paddle, and Rejection patterns enabled for balanced signal generation
  • Pivot Filter: Keep "Require Swing High/Low" enabled to focus on patterns at key support/resistance levels
  • Customization: Adjust pattern strictness parameters based on your timeframe and trading style
  • Colors: Modify marker colors and styles through the Style tab for optimal chart visibility
  • Testing Panel: Enable to see why patterns are or aren't triggering on specific bars


Please share any issues you encounter, it will help improve the script for everyone!

Note: This indicator displays historical patterns and should be used as part of a comprehensive trading strategy. Past performance does not guarantee future results.

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