Indicators: Pinbar Detector

 

Pinbar Detector:

This MQL5 indicator identifies Upward (Bullish) and Downward (Bearish) Pinbars, displayed with customizable arrows (lime for upward, red for downward). It allows fine-tuning of detection parameters like tail body ratio and protrusion. Pop-up and push notification alerts signal new pinbars. Ideal for traders seeking precise reversal pattern detection.

Pinbar Detector

Author: Duy Van Nguy

 
I will test the indicator in real time soon the signals when studied are quite interesting
 
Also did not understand the signal well I mean at what instance does it give the signal right middle of previous candle when next candle is yet to start or right at the instant when its going to start