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Pinbar scanner with RSI filter

30 USD

Demo downloaded: 326

Published: 20 April 2017

Current version: 2.0

Pinbar scanner with RSI filter

3.5

Indicators
Jan Flodin
Version: 2.0
Updated: 9 June 2022
Activations: 10

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicactor offers.

This multi time frame and multi symbol indicator scans for pin bars. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system.

Features

Can monitor all symbols visible in your Market Watch window at the same time. Apply the indicator to just one chart and instantly monitor the entire market.
Can monitors every time frame, from M1 to MN, and sends you a real-time alert when a pin bar is identified. All Metatrader native alert types are supported.
Uses RSI as a trend filter in order to properly identify potential reversals.
The indicator includes an interactive panel. Please see separate screenshot.
Can be configured to show buy/sell lines and TP/SL lines (based on ATR multiplier). The lines will be shown on the chart which you open by clicking on a signal in the panel. Please see screenshot below
The indicator can write the signals as global variables which can be used by an Expert Advisor for auto trading.

Input parameters

The description and explanation of the input parameters can be found here.

Important

Please note that due to the multifunctionality neither buy/sell advice nor lines and arrows will be drawn on the chart where the indicator is installed. It is highly advisable to put the indicator on a clean (empty) chart without any other indicators or Expert Advisors on it which could interfere with the scanner.

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I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicator offers. The indicator identifies when a divergence occurs between price and an oscillator/indicator. It identifies both regular and hidden divergences. It has a RSI, Bollinger Bands and ATR filter options which makes it possible to filter out only the strongest setups. The indicator also offers options to wait for an Engulfing formation, Donchian channel breakout,

59 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicator offers. This multi time frame and multi symbol indicator identifies double top/bottom, head & shoulder, pennant/triangle and flag patterns. It is also possible to setup alerts only when a neckline/triangle/flagpole breakout has occured (neckline breakout = confirmed signal for top/bottoms and head & shoulders). The indicator can also be used in single chart mode.

59 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the EA offers. This Expert Advisor identifies when a divergence occurs between price and an oscillator/indicator. It identifies both regular/classical (trend reversal) and hidden (trend continuation) divergences. It has supply/demand zone, RSI, bollinger, stochastics, moving average (regular MA and Hull MA), ADX and volume filter options which makes it possible to filter out only

59 USD

This indicator can send alerts when a Heiken Ashi Smoothed color change occurs. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features Can send all types of alerts. Option to delay the alert one bar in order to confirm the color (trend) change. Input parameters Wait for candle close: 'true' or 'false'. Setting it to 'true' will delay the alert to the opening of the bar following the bar where the color change occurred.

FREE

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the EA offers. This Expert Advisor (EA) is designed to trade on a rapid price movement following a news event. The EA trades multiple symbols from one single chart which must be a EURUSD H1 chart. It it advisable to remove all symbols you don't trade from the Market Watch to reduce the overall data demand. The 'Auto settings' input parameter value True must only be used you have s

150 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the EA offers. This Expert advisor's (EA) main strategy is to place trades when 3 moving averages (MA) are in consecutive alignment and at a certain distance from each other (it can be used for instance for a not very well known strategy used by some institutional traders, which involves the MAs 10, 20 and 30 on the D1 time frame). The EA works best on H1 and larger time frames. Th

79 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicator offers. This multi time frame and multi symbol supply and demand zone dashboard indicator sends alerts when the price has reached a supply/demand zone. It is also possible to use it to be alerted about regular double tops/bottoms instead of zones. It can be used with all time frames from M1 to MN. Maximum 9 time frames can be shown in the dashboard at the same time.

69 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicactor offers. This indicator for Metatrader 4 identifies when a divergence occurs between price and an oscillator/indicator. It identifies both bullish and bearish divergences. It has a RSI filter option which makes it possible to filter out only the strongest setups. The indicator also offers options to wait for an Engulfing formation, Donchian channel breakout or for p

59 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicactor offers. This multi time frame and multi symbol divergence dashboard indicator sends an alert when one or two different divergences have been identified. It can be used with all time frames from M1 to MN. Maximum 9 time frames can be shown in the dashboard at the same time. It is possible to enable moving average, RSI or Bollinger bands trend filter to filter out on

49 USD

This multi time frame and multi symbol indicator for MT5 alerts about Heiken Ashi Smoothed color changes. As a bonus it can also scan for Hull Moving Average color (trend) changes. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features Can monitor all symbols visible in your Market Watch window at the same time. Apply the indicator to just one chart and instantly monitor the entire market. Can monitor every time fram

30 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicator offers. This multi time frame and multi symbol indicator identifies when the stochastics signal line crosses the stochastics main line. As an alternative it can also alert when stochastics is leaving (without signal line crossing main line) an overbought/oversold area. As a bonus it can also scan for Bollinger bands and RSI overbought/oversold crosses. Combined wi

30 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicator offers. This multi oscillator, multi time frame and multi symbol indicator identifies when a divergence occurs between price and an oscillator/indicator. It identifies both regular/classical (trend reversal) and hidden (trend continuation) divergences. It has moving average, RSI/Bollinger, ADX, pin bar and engulfing filter options which makes it possible to filter

39 USD

This multi time frame and multi symbol indicator identifies fractals patterns. As a bonus it can also scan for Parabolic SAR (pSAR) trend changes. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features Can monitor all symbols visible in your Market Watch window at the same time. Apply the indicator to just one chart and instantly monitor the entire market. Can monitor every time frame, from M1 to MN, and sends you a

30 USD

This multi symbol indicator has been designed to automatically identify when price reaches major psychological levels. Also known as round numbers, whole numbers or key levels. As a bonus it can also scan for pivot point level on one selected time frame. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features Can write the signals to a file which can be used by an Expert Advisor for auto trading. Can monitor all symbol

30 USD

This multi time frame and multi symbol indicator identifies high-probability breakout patterns. It does this by identifying strong, symmetrical pennants and triangles. This pattern DOES NOT appear very often on higher time frames. But when it does, it is a very high-probability setup. The indicator also includes an Inside bars scanner. It can for example be used to detect a special type of Inside bars formation which is formed by a Master candle (MC) followed by 4 inside candles (please see the

30 USD

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2702

cvdestyfx 2020.07.10 21:17 #

User didn't leave any comment to the rating

5762

Tim Eubanks 2018.03.23 15:30 #

The indicator gave too many false signals, even from the daily timeframe!

2422

Jamesdelz 2017.10.30 19:21 #

User didn't leave any comment to the rating

Version 2.0 2022.06.09

*** Please always make a backup of the existing indicator (the .ex4 file) before you make an update ***

- bug fix in the trade advice SL line drawing when using the SL at wick option

Version 1.9 2022.06.03

*** Please always make a backup of the existing indicator (the .ex4 file) before you make an update ***

- bug fix in the trade advice line drawings

Version 1.8 2022.05.09

*** Please always make a backup of the existing indicator (the .ex4 file) before you make an update ***

- added an option to write the signals also as global variables which can be used by an Expert Advisor.
- added a possibility to use the indicator in single chart mode (checking only one symbol and time frame). It will then draw an arrrow at each pin bar on the chart where the indicator is running. This option is in some ways limited though. More information in the product's blog.
- added an option to enable drawing of buy/sell lines and suggested TP/SL levels (based on ATR multiplier).

Version 1.7 2020.07.11

- bug fix

Version 1.6 2020.07.11

- added an option to scan symbols visible in the Market Watch window instead of using the internal parameter
- added a Smiley in the upper right corner of the chart which is indicating that the indicator is up and running properly
- added the possibility to set a custom alert text for alerts (not in the panel). The custom text will be added to the end of the regular alert text
- added the possibility to set a custom panel title

Version 1.5 2019.01.14

- added an option to filter out small pin bars by using the average candle size for the past xx candles

Version 1.4 2018.11.30

- added support for the Strategy tester
- added an option to use candle midpoint logic

Version 1.3 2018.11.28

- added an interactive panel to the chart where the indicator has been loaded.

Version 1.2 2017.07.03

- changed setting of minimum candle body size from points to percentage

Version 1.1 2017.05.19

- It will now be possible to select if to show only strict pinbars
- It will now be possible to disable RSI filter
- Correction of real time alerts
- Added push alerts