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PinBar Scanner PRO MT4

PINBAR SCANNER PRO with TREND and RSI + CCI OSCILLATORS filter

This indicator has been designed to automatically and constantly scan entire market to find high probability pinbar formations, so you can just wait for the perfect trading opportunity come to you automatically.


PINBAR is the strongest candle reversal pattern known in technical analysis.

It shows excellent areas to determine potential entries and exits with opportunity to use excellent risk and reward ratios. 

It includes an RSI and CCI trend-filter for making it even stronger, finding the best oppportunities and it will show you an alert  and send push notification to your mobile phone when these setups are found.

You can even set 3 different levels of strength, and for example only the strongest show in push notifications.


Features:

  • This indicator can monitor all symbols which you attach indicator to, all 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 + notification whenever the appropriate pattern is identified.
  • It will automatically calculate and shows a strength of the pinbar (based on the setting).
  • The indicator includes an RSI and CCI oscillators filter, to identify the best possible pinbars.
  • The indicator has also trend filter, showing only the PINBARS which are at the end of the downtrend or uptrend.
  • It can monitor any symbol in your Metatrader platform. Including crypto, commodities, indices, equities, ETF's etc. 

  


The best way to use the indicator is, after receiving the alert, checking if on that particular price is some important support/resistance level, or if there is divergence on RSI & CCI indicator (screenshots).


Indicator Parameters:

  • minimal timeframe: minimal timeframe indicator will scan the chart
  • ↑ pinbar ratio: pinbar ratio (see description below about ratios) of level 1 of strentgh
  • ↑ RSI margin:  RSI margin high value (for example if it is set to 70 - RSI levels will be 30/70)
  • ↑ CCI margin:  CCI margin high value (for example if it is set to 300 - CCI levels will be -300/300)
  • ↑ push notification alert:  true/false - setting for level 1 strength push notification alerts
  • ↑↑ pinbar ratio: pinbar ratio (see description below about ratios) of level 1 of strentgh
  • ↑↑ RSI margin:  RSI margin high value (for example if it is set to 70 - RSI levels will be 30/70)
  • ↑↑ CCI margin:  CCI margin high value (for example if it is set to 300 - CCI levels will be -300/300)
  • ↑↑ push notification alert:  true/false - setting for level 1 strength push notification alerts
  • ↑↑↑ pinbar ratio: pinbar ratio (see description below about ratios) of level 1 of strentgh
  • ↑↑↑ RSI margin:  RSI margin high value (for example if it is set to 70 - RSI levels will be 30/70)
  • ↑↑↑ CCI margin:  CCI margin high value (for example if it is set to 300 - CCI levels will be -300/300)
  • ↑↑↑ push notification alert:  true/false - setting for level 1 strength push notification alerts



PINBAR RATIO is ratio the body of the candle to the whole candle. It should be lower than 0.31, because larger values indicates that thisi is not pinbar anymore. 

Therefore, the smaller the percentage you choose, the stronger pinbar must be.

For example: 0.20 - the body of the candle can only be a maximum of 20% (1 / 5th) of the entire candle.


IMPORTANT:

Scanner will execute an alert if signal will pass all 3 filters at the same time: 

1> pinbar ratio

2> RSI level

3> CCI level

In that way you will receive only very strong signals with high probability for signal to make profit with high reward/risk ratio.


THANK YOU for taking the time to review our indicator


CHECK ALSO OUR SESSIONS PROINDICATOR

IT IS AT LIMITED TIME FREE PROMO OFFER RIGHT NOW


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Pivots Dashboard
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Nesimeye Oswald
Pivots Dashboard is the single most complete instruments set for Pivot Points trading currently available in the market. We have done a comprehensive research prior to the product design to make sure that this product meets every need of Pivot Point trading. Pivots Points are significant levels technical analysts can use to determine directional movement and potential support/resistance levels. Pivot Points are thus predictive or leading indicators. While the points were originally used by floor
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TRend Ride
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Pairs Arbitrage Correlation
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Vladimir Tkach
The cross-correlation indicator calculates the relationship between the specified pairs for the previous period. Automatically selects the instruments with the highest and the lowest correlation, and then simulates trading on the selected pairs on the same test period. Then indicator displays the pairs that have shown the best trading results. Visualizes the PAC (Pairs Arbitrage Correlation) criterion for the pairs selected by the trader. The signal to open trades is set by the PAC levels. When
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Advanced Currency IMPULSE with ALERT
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 and confir
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Williams Dashboard
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Pablo Mozo Bel
The Williams Dashboard is an information panel which allows you to have a global market vision through a Williams Percent Range. Williams Dashboard analyzes and tracks all the assets you want to invest in. Take advantage of this useful dashboard where you can open in a few seconds the chart and quickly invest in it. Main Features of Williams Dashboard Graphic panel that allows you to know the situation of many assets. 7 Different Williams Percent Range situations to discover when an asset is o
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True Direction Oscillator
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Muhammad Elbermawi
Or (TDO)   which is an index that measures the price rate of change using the principle of " Pure Momentum ". When a security price advances from 10 to 15 then the price rate of change is 150% but when it declines back from 15 to 10 then price rate of change is 33.3% only. That is why technical analysis indicators like "Price Rate of Change" (ROC) or "Momentum" gives higher readings for ascending price movements than that given to descending ones. TDO fixes this problem to help traders at readi
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FX Trend
FX Trend
Daniel Stein
You want to become a constantly profitable 5-star forex trader?  1.  Read the basic description of our simple trading  system  &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase to get your personal invitation to our exclusive trading chat FX Trend   displays the trend direction, duration, intensity and the resulting trend rating for all time frames in real time. You'll see at a glance at which direction the trends are running, how long they last and how powe
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Trend Viewer Pro
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Raymond Gilmour
SEE THE TREND ON EVERY TIME FRAME. INTELLIGENT INDICATOR READS PRICE ACTION TO SPOT TRUE MARKET CYCLES AND TREND. This advanced multi-currency and multi-time frame indicator, reads trend in real-time so you always know the trends of the markets you want to trade.  ​Trend-Viewer Pro has been specifically designed to read the trend of every time frame and every market , simultaneously, making it much easier for you to find markets with time frame correlation , so you can focus on the best market
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Higher High Higher Close Lower Low Lower Close
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Mark Flint
The HHHC-LLLC indicator uses candle by candle analysis, based on the principle of trend confirmation from Higher High, Higher Close candles (bullish) and Lower Low, Lower Close candles (bearish). There is no lag, no re-painting, and averaging is not used. HHHC-LLLC helps confirm: market structure and levels - look left to see them line up trends, pullbacks & reversals Bull moves (blue), Bear moves (red) Structure Zig Zags (black dotted lines), for summarizing market moves exhaustion and stalling
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Sessions PRO is a perfect tool which divide your chart screen by 3 main market sessions: 1> asian 2> european (with division for Frankfurt and London start) 3> american Sessions PRO is perfect especially for trading indices, where main pivot points often occurs along with new market center enters the market. With Sessions PRO you see what events happened at their exact corresponding time - European and American moves and pivot points are much more important than asian. Stop analyzing your char
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PinBar Scanner PRO
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Andrzej Kwiatkowski
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Filter:
esifford
34
esifford 2021.07.29 15:53 
 

I have applied the indicator to multiple Forex pairs, but after about 3 days, I have yet to receive a signal. Perhaps I have it misconfigured or perhaps no pair has yet to meet its criteria? YES, it does work now that I lowered the RSI/CCI filters and remained patient. I received 2 very reliable entry signals early this morning. Thank you!!

Andrzej Kwiatkowski
8044
Reply from developer Andrzej Kwiatkowski 2021.07.29 16:00
Try lower the margins of RSI and CCI filters, for example RSI: 60, CCI: 200 for the weakest (one arrow) signal. You will get them more often, but also those signals will be weaker. Lucky trades!
rainwalker123
2789
rainwalker123 2020.03.29 12:07 
 

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Ümit Çakır
30
Ümit Çakır 2020.02.17 18:24 
 

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sunnychow
8691
sunnychow 2019.07.10 14:58 
 

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Reply to review
Version 1.5 2019.07.09
Minor bug fixed
Version 1.4 2019.07.09
Minor bug fixed
Version 1.3 2019.07.09
Minor bug fixed