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Pinbar Scanner With Trend Filter

4.96

(FOR MT4) Pinbar Scanner For Multi Pair and Multi Time Frame:

This indicator has been designed to automatically identify high probability pinbar formations.

It includes an RSI trend-filter for finding the best oppportunities and it will send you an alert when these setups are found.


IMPORTANT FACTORS TO KEEP IN MIND:

A strong pinbar is clear evidence that the institutions are rejecting a particular price level. 

These price levels are excellent areas to determine potential entries and exits. 

And these price levels also provide the opportunity to use excellent risk and reward ratios. 


Features:

  • This indicator can monitor all 28 pairs at the same time.
  • It can monitor every timeframe, from 1 Minute to Monthly. All at the same time. 
  • It will automatically trigger an alert whenever the appropriate pattern is identified.
  • The indicator includes an RSI trend filter, to identify the best possible pinbars.
  • It can monitor any symbol in your Metatrader platform. Including crypto, commodities, indices, equities, ETF's etc. 

- This indicator only needs to be placed on one chart and it will simultaneously monitor the entire market, all on one screen.

  This will save you an enormous amount of time and effort. As you won't have to flip through dozens of charts for analysis. 
  And this will allow you to focus on other aspects of your trading. Such as further technical (or fundamental analysis).
  This will also give you more time to find other trading opportunities. 


Indicator Parameters:

  • RSI Period: Setting for RSI filter
  • RSI Up Level: Overbought level for RSI filter. Pinbar must form above this level in order to be valid.
  • RSI Down Level: Oversold level for RSI filter. Pinbar must form below this level in order to be valid.
  • Pinbar Percent: This is the maximum allowed body / length ratio. 

The smaller the percentage you choose, the smaller the body of the candle.

Therefore, the smaller the percentage you choose, the more dramatic the pinbar must be.

              For example:

    • If you select '5', the body of the candle can only be a maximum of 5% (1 / 20th) of the entire candle.
    • If you select '10', the body of the candle can only be a maximum of 10% (1 / 10th) of the entire candle.
    • If you select '25', the body of the candle can only be a maximum of 25% (1 / 4th) of the entire candle.

              

  • Symbols: Here is where you select which pairs to monitor. 

          The indicator monitors 28 pairs by default, but you can select less pairs if you wish.

  • Alert on M1: True = Yes, False = No
  • Alert on M5: True = Yes, False = No
  • Alert on M15: True = Yes, False = No
  • Alert on M30: True = Yes, False = No
  • Alert on H1: True = Yes, False = No
  • Alert on H4: True = Yes, False = No
  • Alert on D1: True = Yes, False = No
  • Alert on W1: True = Yes, False = No
  • Alert on MN1: True = Yes, False = No


See the images below for further details and contact us if you have any questions.



HUNDREDS OF 5 STAR REVIEWS AND OVER TWO DECADES OF REAL WORLD MARKET EXPERIENCE:

This indicator has been created by a former hedge-fund employee, with almost 25 years

of market experience. And our company has been selling high quality indicators on this

platform since 2015.


Over the years we have helped THOUSANDS of satisfied clients and we have received

HUNDREDS of 5 star reviews. 


And we are proud to say that all of our reviews are 100% GENUINE

With absolutely no client manipulation, or questionable tactics of any kind. 


For further details regarding our background, we STRONGLY RECOMMEND that you take a look

at our profile. In order to get a better understanding of our overall trading experience and our

approach to the market.


https://www.mql5.com/en/users/escobedofx21



Reviews 34
fperera
251
fperera 2019.06.29 21:19 
 

Hello Mike,

I want to thank you for your advice and how to use the Great PinBar indicator. I am very positive to be successful if I apply all the rules you had thought me in a short period of time.You come as the best teacher

in the Forex Market and very sincere about how you make it simple for a common man to understand the Forex Market in todays world.Wish you all the best and Thank you .

marco85s
259
marco85s 2019.05.05 16:35 
 

Good indicator for my Strategies/Trade - Management.

Thank you Mike for the idea with the "watching-dogs" (-:

Thanks to Mike, Now I trade only in the H1 + H4 chart. Thank you again.

Irfan
559
Irfan 2018.12.25 18:40 
 

I have recently purchased this indicator. The good thing is this indicator scans all the pairs on one chart. I am waiting to get a signal which is (as I have been informed) will come less often on higher time frames but it will be a higher probability signal. I am happy to trade quality vs quantity signals. The support from Mike is excellent.

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(FOR MT4) Perfect Pennants and Triangles  (Breakout Scanner) Multi Pair And Multi Time Frame :   This indicator has been designed to automatically identify high probability breakout patterns. And it does this by finding very strong, symmetrical pennants and triangles. IMPORTANT FACTORS TO KEEP IN MIND: Pennants and triangles are some of the best possible entry areas. As they allow you  to have excellent risk and reward ratios. And this is one of the most important factors  in the institutional
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(FOR MT5)  Double Top Scanner Multi Pair And Multi Time Frame :   This indicator has been designed to automatically identify high probability double tops and double bottoms. It can also be used to identify triple-tops and triple-bottoms. And it includes an RSI trend filter, in order to identify the formations that occur at the top (or bottom) of a trend. IMPORTANT FACTORS TO KEEP IN MIND: Any major level that holds 2 or 3 times is obviously a level that is being defended by the large institut
79 USD
(FOR MT4)  Ultimate Reversal Scanner Multi Pair And Multi Time Frame :   This indicator has been designed to identify the powerful ' Three Line Strike ' reversal pattern. According to Thomas Bulkowski (internationally known author and a leading expert on candlestick patterns), the ' Three Line Strike ' has the   highest overall performance rank of  any  candlestick pattern. Bulkowski's best selling book "Encyclopedia of Chart Patterns" is recognized around the world, as the premier reference on
79 USD
(FOR MT4)   Divergence Scanner Multi Pair And Multi Time Frame :   This indicator has been designed to automatically identify when a divergence occurs between price and an oscillator. It can identify both bull and bear divergence and it is already loaded with four of the most popular oscillators. You can choose from RSI, MACD, Stochastics and CCI. IMPORTANT FACTORS TO KEEP IN MIND: When a divergence occurs, it means that price and momentum are not in agreement. And divergence signals are widel
79 USD
(FOR MT4)   Double Top Scanner Multi Pair And Multi Time Frame :   This indicator has been designed to automatically identify high probability double tops and double bottoms. It can also be used to identify triple-tops and triple-bottoms. And it includes an RSI trend filter, in order to identify the formations that occur at the top (or bottom) of a trend. IMPORTANT FACTORS TO KEEP IN MIND: Any major level that holds 2 or 3 times is obviously a level that is being defended by the large institut
79 USD
(FOR MT5)  Breakout Scanner Multi Pair And Multi Time Frame :   This indicator has been designed to automatically identify high probability breakout patterns. And it does this by finding very strong, symmetrical pennants and triangles. IMPORTANT FACTORS TO KEEP IN MIND: Pennants and triangles are some of the best possible entry areas. As they allow you  to have excellent risk and reward ratios. And this is one of the most important factors  in the institutional trading world.  PLEASE NOTE: 
79 USD
(FOR MT4)   Trend Finder Multi Pair And Multi Time Frame :     This indicator has been designed to help find the strongest trends in the forex market, quickly and easily. It simultaneously analyzes the moving averages for all 28 pairs and across 8 time-frames. And then it ranks each pair according to trend-strength. IMPORTANT FACTORS TO KEEP IN MIND: Institutional traders use moving averages more than any other indicator. And trading with the dominant trend is a CRITICAL part of your long term
79 USD
(FOR MT5)  Pinbar Scanner For Multi Pair and Multi Time Frame :   This indicator has been designed to automatically identify high probability pinbar formations. It includes an RSI trend-filter for finding the best oppportunities and it will send you an alert when these setups are found. IMPORTANT FACTORS TO KEEP IN MIND: A strong pinbar is clear evidence that the institutions are rejecting a particular price level.  These price levels are excellent areas to determine potential entries and exi
79 USD
(FOR MT4)   Range Trader Multi Pair And Multi Time Frame : This indicator has been designed to automatically identify high probability range trading opportunities. The goal is to find non trending pairs that are coming off a recent high / low. And this indicator uses two filters (RSI and ADX) to identify these opportunities. IMPORTANT FACTORS TO KEEP IN MIND: The FX market is range bound  at least  70% of the time. And range trading has several distinct advantages that make it safer and more
79 USD
(FOR MT5)  Trend Finder Multi Pair And Multi Time Frame :   This indicator has been designed to help find the strongest trends in the forex market, quickly and easily. It simultaneously analyzes the moving averages for all 28 pairs and across 8 time-frames. And then it ranks each pair according to trend-strength. IMPORTANT FACTORS TO KEEP IN MIND: Institutional traders use moving averages more than any other indicator. And trading with the dominant trend is a CRITICAL part of your long term s
79 USD
(FOR MT5)  Ultimate Engulfing Scanner Multi Pair And Multi Time Frame :   This indicator has been designed to find the strongest engulfing patterns in the forex market. - An engulfing pattern is very simple to trade, without the need for any complicated analysis. - This patterns provides an excellent risk and reward ratio. Because your potential wins will     always be considerably larger than your potential losses. And this is CRITICAL to your long term     trading success.  - You have th
79 USD
Strong VS Weak
ScorpionFX
5 (7)
(FOR MT4)   Ultimate Strength Meter Strong Vs Weak :   This indicator has been specifically designed for measuring the strength of the 8 major currencies (USD, EUR, GBP, JPY, CHF, AUD, NZD and CAD). Allowing you to quickly select the best pairs to trade (Strong VS Weak). This indicator provides an EXCELLENT way to trade particular trading sessions. And a great way to trade the news events. As it represents current (real time) conditions. And you can select at which time you would like for it t
79 USD
(FOR MT5)  Consecutive Bar Scanner Multi Pair And Multi Time Frame :   This indicator has been designed to find a predetermined number of consecutive bars. It can identify both bull and bear candles and you can select exactly how many candles you wish to look for. You can combine this indicator with any number of indicators or strategies. Including MACD, RSI, CCI, Fib retracements etc. And the goal is to look for situations where prices are severely over extended, in order to profit from the i
79 USD
(FOR MT4)  Full Market Analysis Multi Pair And Multi Time Frame :   This is a powerful tool that will allow you to quickly and easily monitor the entire Forex market. It can be used for just about any kind of strategy that you like. Whether it be trend trading, range trading, reversals etc.  As it gives you perspectives on momentum, risk-sentiment, volatility, overbought / oversold etc. It also allows you to set thresholds for monitoring specific critical levels and it displays all of the info
79 USD
(FOR MT4)  Psychological Levels And Round Numbers :   This indicator has been designed to automatically identify when prices reach major psychological levels. Also know as ' whole numbers ' or ' round numbers ', these levels act as price barriers where large amounts of orders will generally accumulate. And the larger the psychological level, the more orders will generally be placed in that area. Therefore, these levels can be used to define entries and exits and provide a very strong risk and re
79 USD
(FOR MT4)   Consecutive Bar Scanner Multi Pair And Multi Time Frame :   This indicator has been designed to find a predetermined number of consecutive bars. It can identify both bull and bear candles and you can select exactly how many candles you wish to look for. You can combine this indicator with any number of indicators or strategies. Including MACD, RSI, CCI, Fib retracements etc. And the goal is to look for situations where prices are severely over extended, in order to profit from the
79 USD
(FOR MT4)   Pivot Point Scanner Multi Pair :   This indicator has been desinged to automatically identify when price reaches a specified pivot point level. And it can monitor the entire market in the background, all from one chart. Allowing you to save an enormous  amount of time and effort. IMPORTANT FACTORS TO KEEP IN MIND: For many years, floor traders (and market makers) have used pivot points to determine critical levels of support and resistance.  And these levels often act as price barr
79 USD
(FOR MT4)   Ultimate Moving Average Crossover Multi Pair And Multi Time Frame :   This indicator has been designed to find various types of moving average crossovers. And combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system.   - Moving average crossovers are very simple to trade, with clear "buy or sell" signals. - Moving average crossovers offer a clear indication of the different phases of a trend.    Such as expansion, pu
79 USD
(FOR MT4)   Ultimate Correlation Scanner Multi Pair And Multi Time Frame :   This indicator has been designed to quickly identify the highest correlations for any pair in the market. And you don't have to conduct hours of research, analyzing dozens of columns, rows or tables. As this indicator gives you the most important information, quickly and easily.   Using this indicator, you can create a system that allows you to take advantage of the ongoing  correlation dynamics that are always presen
79 USD
(FOR MT4)   Ultimate Volatility Scanner Multi Pair And Multi Time Frame :   This indicator has been designed to find the lowest levels of volatility in the market. As volatility is a constant dynamic in the financial markets that continuously moves from high to low.  This indicator has been designed to find the lowest levels of volatility in the market. - You can choose which time frames you want to monitor. And when volatility drops under your     desired level of volatility (in those time
79 USD
(FOR MT5)  Divergence Scanner Multi Pair And Multi Time Frame :   This indicator has been designed to automatically identify when a divergence occurs between price and an oscillator. It can identify both bull and bear divergence and it is already loaded with four of the most popular oscillators. You can choose from RSI, MACD, Stochastics and CCI. IMPORTANT FACTORS TO KEEP IN MIND: When a divergence occurs, it means that price and momentum are not in agreement. And divergence signals are widel
79 USD
(FOR MT5)   Ultimate Reversal Scanner Multi Pair And Multi Time Frame : This indicator has been designed to identify the powerful ' Three Line Strike ' reversal pattern. According to Thomas Bulkowski (internationally known author and a leading expert on candlestick patterns), the ' Three Line Strike ' has the   highest overall performance rank of  any  candlestick pattern. Bulkowski's best selling book "Encyclopedia of Chart Patterns" is recognized around the world, as the premier reference on
79 USD
(FOR MT5)  Ultimate Strength Meter Strong Vs Weak :   This indicator has been specifically designed for measuring the strength of the 8 major currencies (USD, EUR, GBP, JPY, CHF, AUD, NZD and CAD). Allowing you to quickly select the best pairs to trade (Strong VS Weak). This indicator provides an EXCELLENT way to trade particular trading sessions. And a great way to trade the news events. As it represents current (real time) conditions. And you can select at which time you would like for it to
79 USD
(FOR MT5)  Range Trader Multi Pair And Multi Time Frame :   This indicator has been designed to automatically identify high probability range trading opportunities. The goal is to find non trending pairs that are coming off a recent high / low. And this indicator uses two filters (RSI and ADX) to identify these opportunities. IMPORTANT FACTORS TO KEEP IN MIND: The FX market is range bound  at least  70% of the time. And range trading has several distinct advantages that make it safer and more
79 USD
(FOR MT5)  Pivot Point Scanner Multi Pair :   This indicator has been desinged to automatically identify when price reaches a specified pivot point level. And it can monitor the entire market in the background, all from one chart. Allowing you to save an enormous  amount of time and effort. IMPORTANT FACTORS TO KEEP IN MIND: For many years, floor traders (and market makers) have used pivot points to determine critical levels of support and resistance.  And these levels often act as price barri
79 USD
(FOR MT5)  Full Market Analysis Multi Pair And Multi Time Frame :   This is a powerful tool that will allow you to quickly and easily monitor the entire Forex market. It can be used for just about any kind of strategy that you like. Whether it be trend trading, range trading, reversals etc.  As it gives you perspectives on momentum, risk-sentiment, volatility, overbought / oversold etc. It also allows you to set thresholds for monitoring specific critical levels and it displays all of the info
79 USD
(FOR MT5)  Psychological Levels And Round Numbers :   This indicator has been designed to automatically identify when prices reach major psychological levels. Also know as ' whole numbers ' or ' round numbers ', these levels act as price barriers where large amounts of orders will generally accumulate. And the larger the psychological level, the more orders will generally be placed in that area. Therefore, these levels can be used to define entries and exits and provide a very strong risk and re
79 USD
(FOR MT5) Ultimate Correlation Scanner Multi Pair And Multi Time Frame :   This indicator has been designed to quickly identify the highest correlations for any pair in the market. And you don't have to conduct hours of research, analyzing dozens of columns, rows or tables. As this indicator gives you the most important information, quickly and easily.   Using this indicator, you can create a system that allows you to take advantage of the ongoing  correlation dynamics that are always present
79 USD
(FOR MT5)  Ultimate Moving Average Crossover Multi Pair And Multi Time Frame :   This indicator has been designed to find various types of moving average crossovers. And combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system.   - Moving average crossovers are very simple to trade, with clear "buy or sell" signals. - Moving average crossovers offer a clear indication of the different phases of a trend.    Such as expansion, pul
79 USD
Filter:
fperera
251
fperera 2019.06.29 21:19 
 

Hello Mike,

I want to thank you for your advice and how to use the Great PinBar indicator. I am very positive to be successful if I apply all the rules you had thought me in a short period of time.You come as the best teacher

in the Forex Market and very sincere about how you make it simple for a common man to understand the Forex Market in todays world.Wish you all the best and Thank you .

marco85s
259
marco85s 2019.05.05 16:35 
 

Good indicator for my Strategies/Trade - Management.

Thank you Mike for the idea with the "watching-dogs" (-:

Thanks to Mike, Now I trade only in the H1 + H4 chart. Thank you again.

k0ta2
365
k0ta2 2019.01.23 07:00 
 

User didn't leave any comment to the rating

Irfan
559
Irfan 2018.12.25 18:40 
 

I have recently purchased this indicator. The good thing is this indicator scans all the pairs on one chart. I am waiting to get a signal which is (as I have been informed) will come less often on higher time frames but it will be a higher probability signal. I am happy to trade quality vs quantity signals. The support from Mike is excellent.

yusuf hamid
130
yusuf hamid 2018.07.02 20:11 
 

User didn't leave any comment to the rating

kazemjoon
82
kazemjoon 2018.06.25 09:50 
 

User didn't leave any comment to the rating

Chunshui Wen
220
Chunshui Wen 2018.03.30 01:56 
 

Great product and very great customer service, Worth It !

Hardley
119
Hardley 2018.02.24 17:35 
 

Good indicator! And, the best of all is that Scorpion gives you suggestions to avoid false signals. Mixed with another indicators by Scorpion can be a lethal weapon to win many pips. My respects for the customer service!

hoanggiaquang87
1120
hoanggiaquang87 2018.01.28 02:18 
 

I bought it few months ago. It's great indicator and excellent customer support.

emenyke
399
emenyke 2018.01.19 22:54 
 

Before I purchased the pinbar scanner, I read reviews and I was beginning to wonder why everyone kept hammering on the customer service.Now I wonder no more because I have tasted it.I am challenged at how Mike responds promptly and in great detail. Its simply amazing. And I just started using the indicators and they have worked fine as described. Please keep up the good work Mike, you're simply amazing. Of course 5 starts all the way.

gigisulivan
84
gigisulivan 2017.12.26 23:54 
 

Great customer service and what's more important a useful indicator

Vitalii Moskalyk
50
Vitalii Moskalyk 2017.12.12 09:06 
 

The indicator has surpassed all my expectations. The support is brilliant. The best wishes to the team that developed this indicator.

dainengxin
434
dainengxin 2017.12.05 10:54 
 

Perfect indicator! Perfect service!

Arthit Arunroj
1216
Arthit Arunroj 2017.11.20 21:48 
 

very great customer service

ichmry
122
ichmry 2017.11.14 00:28 
 

User didn't leave any comment to the rating

cosson jeanphilippe
154
cosson jeanphilippe 2017.10.17 20:19 
 

These guys are excellent! Je suis français : ces types sont géniaux !

david.l
444
david.l 2017.10.17 02:11 
 

User didn't leave any comment to the rating

Folasade Aluko
314
Folasade Aluko 2017.09.20 07:56 
 

User didn't leave any comment to the rating

Sepp1985
4348
Sepp1985 2017.09.15 21:53 
 

Great indicator if you combine it with market analysis. Made some nice profits already. And there are no words for the support...it's simply amazing how fast and competent these guys are.

10 stars to the moon.

Darren Cooper
53
Darren Cooper 2017.09.15 19:26 
 

The indicator is fantastic, makes analysis quick and simple especially when combined with other indicators and your analysis. I will be purchasing further products very soon. As for the support, in this field for retail traders, I have never encountered better support. I've been trading for 10 years and this is by far the best vendor of any product I've used.

alejoarcilacano
265
alejoarcilacano 2017.07.21 19:44 
 

User didn't leave any comment to the rating

rok101
193
rok101 2017.07.18 11:20 
 

Hello Mike,like always very good product and excelent support.I already have 4 of scorpion indicators...)))

wjason777
460
wjason777 2017.06.27 14:49 
 

User didn't leave any comment to the rating

shor73
94
shor73 2017.06.13 20:51 
 

This is my third indicator by ScorpionFX! Great product and great support!

Michalangelo
344
Michalangelo 2017.06.10 04:51 
 

Great indicator that gives excellent results with divergence and double top bottom detector

marvinchin
70
marvinchin 2017.06.03 12:25 
 

Excellent addition to my trading the pinbar scanner.

It shows you a BIG indication where the price is and what its mostlikely going to do after such an rejection with those OB/OS lvls. Also customer service from Mike is superb!

Gregade
150
Gregade 2017.05.31 08:56 
 

I reviewed this product for over 3 months and I'm very impressed . I use this product specifically for binary options .. I can say my winning rate increased to 18% . I have great collection of their products . It's really flexible and your able to manupulate , change the parameters and make it your own

mattwtts
359
mattwtts 2017.05.30 00:11 
 

User didn't leave any comment to the rating

Angele
76
Angele 2017.05.25 19:48 
 

User didn't leave any comment to the rating

Bjoern Kopsieker
1566
Bjoern Kopsieker 2017.04.29 19:21 
 

Awesome indicator and awesome people! Very helpful, eager to learn more, thank you

Viktor Kashlev
1004
Viktor Kashlev 2017.04.10 06:16 
 

Great product, great support. Thank you.

jasonwang1234
196
jasonwang1234 2017.03.21 05:04 
 

Great indicator and great support.setting of RSI 14 and pinbar 15, the signal is highly profitable. real trading helper.

[Deleted] 2017.03.17 13:04 
 

User didn't leave any comment to the rating

Yang Sijie
330
Yang Sijie 2017.02.23 17:14 
 

Dear Yossarian,

I have not seen anyone with such professionalism and trust for clients such as you. Your replies- prompt, concise and accurate. Your service and generosity are simple top notched. Thank you so much and I use your Pinbar scanner for the most precise entries and they all my TPs.

To all the others reading this review, I use this pinbars scanner in relation with my bolinger bands, EMA 10 25 150 365 as well as price action, as mentioned, always using it in accordance with the economic backdrop and own study will then bring the best results.

Use it blindly, not wisely and you will thank this developer for one of the best EAs ever created.

Thank you so much once again for creating such a wonderful Indicator.

Reply to review
Version 3.4 2021.11.26
General Update To Default Settings.