• Overview
  • Reviews (31)
  • Comments (82)

Pinbar Scanner With Trend Filter

VERY IMPORTANT, PLEASE NOTE:

This indicator has been created by a former hedge-fund employee.

And it is based on solid, widely followed market principles and dynamics. 


Our company has been selling high quality indicators on this platform for over 3 years. 

And we have had thousands of satisfied clients and hundreds of 5 star reviews


Please take a look at our profile, in order to get a better understanding of our 

overall trading perspective and approach:

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


And if you haven't already done so, be sure to take a look at our other indicators as well. 

As we offer numerous tools, suitable for all the different types of trading styles and approaches. 

Including tools for trend trading, range trading, reversal trading, price action trading, news trading etc.

And you can take a look at all of our available indicators here: 

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


We reply to all questions within 24 hours. And depending on the total volume of inquiries that we have,

sometimes we can answer in less than 1 hour. Even on weekends and holidays.   


For fastest service, please send any inquiries through direct message (private message).    =)


Indicator Description 

And How To Use It:

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

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


Remember: 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. 


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

We are always here to help.    =)


Features:

  • The indicator includes an RSI trend filter, to identify the best possible pinbars.
  • The indicator will trigger an alert whenever your desired pattern is found.
  • The indicator will simultaneously monitor any pairs and any time frames that you choose. 
  • Can monitor any symbol that is offered 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 your analysis. 

    And you can choose to monitor as few (or as many) pairs as you wish.



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.

For example:

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

The smaller the number you choose, the more dramatic the pinbar must be.

  • 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





















































































































113878
115
113878 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
121
yusuf hamid 2018.07.02 20:11 
 

loved it

kazemjoon
82
kazemjoon 2018.06.25 09:50 
 

Best Pinbar indicator ever. Just works as they say. And the most important thing about them is "Customer service"

Thanks

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
1048
hoanggiaquang87 2018.01.28 02:18 
 

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

emenyke
96
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
64
gigisulivan 2017.12.26 23:54 
 

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

Vitalii Moskalyk
52
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
441
dainengxin 2017.12.05 10:54 
 

Perfect indicator! Perfect service!

Arthit Arunroj
1769
Arthit Arunroj 2017.11.20 21:48 
 

very great customer service

ichmry
94
ichmry 2017.11.14 00:28 
 

All from mike is excellent! Great products, great support. Thank you. 100 Stars!

cosson jeanphilippe
199
cosson jeanphilippe 2017.10.17 20:19 
 

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

david.l
342
david.l 2017.10.17 02:11 
 

Scan all the chart save cpu/memory usage. Work find with low spec VPS. Good indicator, thumb up.

Folasade Aluko
324
Folasade Aluko 2017.09.20 07:56 
 

These guys have redefined trading, and with their indicators, I feel more confident!

Sepp1985
2487
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 
 

Amazing product! Great support! Very recommended!

rok101
194
rok101 2017.07.18 11:20 
 

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

wjason777
282
wjason777 2017.06.27 14:49 
 

Great product and very great customer service.

shor73
98
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
151
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
115
mattwtts 2017.05.30 00:11 
 

Great time-saving tool for any trader. Can't say enough about the customer support either. Mike was great!

Angele
67
Angele 2017.05.25 19:48 
 

So, let me first start by saying that this is my third purchase from Scorpion FX, and I have not been disappointed once. I have the divergence scanner, the double top scanner, and now the pinbar scanner. They work together beautifully, and this tool is GREAT! Because of my settings {RSI 10, 70/30, and 15 percent} and not really having my computer on at key times of the day, I've only gotten one alert this week, BUT it's all about quality over quantity. With that one alert, which appeared at an area of resistance and with bearish divergence, I was able to catch a quick 30 pips. So, the pinbar scanner has paid for itself with just one trade! I've been telling so many people about this company and their indicators because in this industry, it's rare to come across one that is all about quality products AND superior customer service. Mike is super helpful and has went above and beyond with every purchase! Bottom line is that their products work IF you do proper analysis and the alerts fit within your trading plan rules. DON'T just blindly take the signals, but follow your system's guidelines, practice proper risk management, and just sit back and collect your pips. I look forward in the coming year in becoming what I've been working so hard to accomplish in the last couple of years: a professional trader. I'm on my way. Thank you kindly, Mike! :)

BoJo199
1335
BoJo199 2017.04.29 19:21 
 

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

Viktor Kashlev
211
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.

dacarle
60
dacarle 2017.03.17 13:04 
 

A great indicator provided by a great company. What you will learn about the scorpion team is they are not a sales team, they are there to educate you and help you make the best decision you can. They are tools that everyone should have in their arsenal.

Yang Sijie
300
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.