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Pin Bar Indicator free

4.38

The Free  Pin Bar MT4 indicator  identifies Pin Bars  It will even give you sound or email alerts if want them.

If you download it and like it please leave a review! It would be wonderful

Pin Bars are purely based on price action as reflected by the candle formations created by Forex price movements.

input Parameters are

  • maximum allowed body/length ratio for the Nose bar.
  • Nose body should be position in top (bottom for bearish pattern) part of the Nose bar.
  •  tells the indicator that the Left Eye bar should be bearish for bullish Pinbar, and bullish for bearish Pinbar.
  • tells the indicator that the Nose bar should be of the same direction as the pattern itself.
  • tells the indicator that the Nose body should be inside the Left Eye body.
  • minimum size of the Left Eye body relative to the bar length.
  • minimum protrusion of the Nose bar relative to the bar length.
  • maximum size of the Nose body relative to the Left eye body.
  • minimum Nose length relative to the Left Eye length.
  •  minimum depth of the Left Eye relative to its length. Depth is length of the part of the bar behind the Nose.

Usage

The best way to use the pinbar pattern in as an early reversal indicator in conjuction with support/resistance or relative maximum or minimum. The pinbar should be utilized to identify strong supply/demand area.  Best is to use the pinbar on M15 upward. Avoid trading on any pinbar if not in conjuction with support/resistance.The stop loss shoudl be positioned 10 to 15 pips above the pinbar. For take profit a trailing stop can be used as this kind of pattern can identify long movements.

Tranding pairs like EUR/USD or USD/JPY are in general good option for pinbar pattern.

Reviews 20
SirouteTrader
44
SirouteTrader 2023.03.12 15:34 
 

It is a tool that can detect and highlight pinbars. I am currently considering building a trading system using this tool. I will apply it after confirming the superiority in the back test. thank you.

Panagiotis Papandrianos
38
Panagiotis Papandrianos 2022.12.07 22:44 
 

it does exactly what it says. good one!

Aravind Kolanupaka
8930
Aravind Kolanupaka 2022.06.17 23:02 
 

Good one

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Filter:
Isaac Ribeiro
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Isaac Ribeiro 2023.04.02 20:07 
 

ARROW AND BUFFERS ???

SirouteTrader
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SirouteTrader 2023.03.12 15:34 
 

It is a tool that can detect and highlight pinbars. I am currently considering building a trading system using this tool. I will apply it after confirming the superiority in the back test. thank you.

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Panagiotis Papandrianos 2022.12.07 22:44 
 

it does exactly what it says. good one!

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Aravind Kolanupaka 2022.06.17 23:02 
 

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5084387 2022.05.08 12:46 
 

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punc369
34
punc369 2021.09.08 11:24 
 

Keep it up and is good for sharing

Matrix2020
234
Matrix2020 2021.05.24 08:20 
 

User didn't leave any comment to the rating

Nick167
49
Nick167 2021.04.22 11:09 
 

The tool is completely useless, most of the indicated signals do not work.

adnanadnan
824
adnanadnan 2021.04.10 15:07 
 

will rate later

mido2007
16
mido2007 2021.03.07 18:03 
 

User didn't leave any comment to the rating

FLUOXETINA
75
FLUOXETINA 2021.02.26 00:07 
 

👍

Oluseyi Elemosho
316
Oluseyi Elemosho 2020.11.06 14:08 
 

useful

Valentin Butorin
4123
Valentin Butorin 2020.10.01 19:40 
 

User didn't leave any comment to the rating

Billy Kaiser
124
Billy Kaiser 2020.08.31 16:57 
 

User didn't leave any comment to the rating

darius19801408
56
darius19801408 2020.06.21 17:07 
 

User didn't leave any comment to the rating

enasp
19
enasp 2020.06.21 16:38 
 

Just downloaded and backtested. It works very well.

jose manuel echague
106
jose manuel echague 2020.05.25 21:24 
 

buen indicador

amah5402
14
amah5402 2020.04.25 14:22 
 

User didn't leave any comment to the rating

valperix
17
valperix 2020.04.02 11:12 
 

User didn't leave any comment to the rating

12
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