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Pin Bar Pointer 2

We have made the New Pin Bar Pointer faster, slimmer, and even more accurate. This is the brand new Pin Bar Pointer. A new indicator designed to work together with our other indicators to create an innovative and extremely accurate tool for investors. At heart, The Pin Bar Pointer 2, like its predecessor, is an indicator designed to find and show the most profitable pin bars, but that is not all...


Pin Bar Pointer 2 Settings

  • Proportion - equivalent of the tail as compared to the overall size.
  • Interval - amount of periods taken into account to find the extreme where the pin bar is located.
  • Pin_Bar_Size - minimum size of the pin bars that are taken into consideration in comparison to average bar size. Use this to avoid insignificant bars.

The Pin Bar Pointer 2 will show the pin bars using colored arrows:

  • An Up arrow indicates bullish pin bars.
  • A Down arrow indicates bearish pin bars.

The colors of the arrows may be easily customized by the user.

These are the basic features of the Pin Bar Pointer 2, and they are very useful and important, however this indicator can do much, much more when coupled with the Dynamic RSI Pointer and the Trend Pointer.

Once the user installs the BIG THREE Pointers - the Trend Pointer, the Dynamic RSI Pointer and the Pin Bar Pointer 2 - the Pin Bar Pointer 2 will act as the governing body for all three, all the settings will be available as its own. It will use all the data provided by the other two indicators and base its findings on it.

Another very interesting and useful feature is the Timeframe setting, this feature allows the Pin Bar Pointer 2 to set the timeframes for each indicator to be run simultaneously. For example, Pin Bar Pointer 2 is run in a current timeframe, while The Trend Pointer is run on the H1 timeframe, and The Dynamic RSI Pointer is run on an M15 timeframe.


Trend Pointer Settings

When Trend Pointer is enabled, only the pin bars that follow the trend are shown. This is enabled by setting ‘Use_Trend_Pointer’ to true.

  • Min_Trend_Level - minimum level to be considered for analysis.
  • Trend_Pointer_Timeframe - indicator timeframe.
  • Primary Trend Size - primary size of the trend to be analyzed.
    • ​a smaller value means a short-term trend.
    • a greater value means a long-term trend.
  • Secondary Trend Size - secondary size of the trend to be analyzed along with the primary size of the trend in order to ensure accuracy.
    • ​a smaller value means a short-term trend.
    • a greater value means a long-term trend.
  • Long-term Stability - minimum long-term stability needed to reach the next level.
  • Short-term Stability - minimum short-term stability needed to reach the next level.
  • Long-term Strength - minimum long-term strength needed to reach the next level.
  • Short-term Strength - minimum short-term strength needed to reach the next level.

The Trend Pointer may be found here: https://www.mql5.com/en/market/product/10387


Dynamic RSI Pointer Settings

When Dynamic RSI Pointer is enabled, only the pin bars found in the oversold (for uptrending) and overbought levels (for downtrending) are shown. This is enabled by setting ‘Use_Dynamic_RSI_Pointer’ to true.

  • Dynamic_RSI_Pointer_Timeframe - indicator timeframe.
  • RSI_Period - number of periods used to calculate the main line.
  • LEVELS_Period - number of periods used to calculate the oversold and overbought levels.
  • LEVELS_Size - determine how restrictive the oversold and overbought levels are.
  • A smaller value means that oversold and overbought levels are more restrictive. The values less than five provide only extreme overbought and oversold signals.
  • A larger value means that oversold and overbought levels are less restrictive. This value should be set between 0 and 50.

The Dynamic RSI Pointer may be found here: https://www.mql5.com/en/market/product/7716

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MonsterDash Harmonic Indicator is a harmonic pattern dashboard. It recognizes all major patterns. MonsterDash is a dashboard that displays all detected patterns for all symbols and (almost) all timeframes in sortable and scrollable format. Users can add their own user defined patterns . MonsterDash can open and update charts with the pattern found. Settings MonsterDash's default settings are good enough most of the time. Feel free to fine tune them to your needs. The color settings are for tho
169 USD
Advanced Currency IMPULSE with ALERT
Bernhard Schweigert
CURRENTLY 39% OFF !! ⭐⭐⭐⭐⭐  Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a secret formula. With only ONE chart it gives Alerts for all 28 currency pairs . Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity! Built on new underlying algorithms it makes it even easier to identify an
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Golden Chip
Daishon Cotman
GOLDEN CHIP TUTORIAL LINK BELOW! https://youtu.be/R69zucG3EnY Golden Chip provides Basic Market Structure, Fibonacci, supply and Demand Zones. Letting you identify when a sell off point is approaching or when a buy opportunity is arriving. The awesome thing about Golden Chip is that, you will see rejection levels or continuation before ANYBODY ! This indicator moves directly with price and lines up perfectly with the Chart. Some indicators would lag but NOT this one ! Golden Chip is amazing f
225 USD
PipFinite Exit EDGE
Karlo Wilson Vendiola
Did You Have A Profitable Trade But Suddenly Reversed? In a solid strategy, exiting a trade is equally important as entering. Exit EDGE helps maximize your current trade profit and avoid turning winning trades to losers. Never Miss An Exit Signal Again Monitor all pairs and timeframes in just 1 chart ► www.mql5.com/en/blogs/post/726558 How To Trade You can close your open trades as soon as you receive a signal Close your Buy orders if you receive an Exit Buy Signal. Close your Sell orde
88 USD
VTrende mt4
Andrey Dyachenko
VTrende - МТФ индикатор для трендовой торговли с панелью индикации для МТ5 Хотя сигналы индикатора VTrende можно использовать, как сигналы полноценной торговой системы, рекомендуется применять их в связке с ТС Билла Вильямса. Основная задача индикатора - определить точки изменения направления тренда. Сигнал индикатора появляется в двух вариантах: На опережение - когда тренд заканчивается На продолжение - когда тренд уже идет Индикатор показывает два вида сигналов: Основные - F1/F2 С
497 USD
Blahtech Supply Demand
Blahtech Limited
Supply Demand uses previous price action to identify potential imbalances between buyers and sellers. The key is to identify the better odds zones, not just the untouched ones. Blahtech Supply Demand indicator delivers functionality previously unavailable on any trading platform. This 4-in-1 indicator not only highlights the higher probability zones using a multi-criteria strength engine, but also combines it with multi-timeframe trend analysis, previously confirmed swings and engulfing detector
149 USD
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Version 2.2 2015.12.15
Updated Interface.
Version 2.1 2015.10.06
The algorithm used to analyze the periods has been improved.