Precision Candlestick Analyzer PinBar

🧠 Indicator logic (quick summary)

• Core job:
  Scans every candle for high-probability reversal and continuation patterns, with a special focus on pin bars, and then rates each setup with a 0–100 confidence score.

• Patterns it recognizes

  • Bullish & bearish Pin Bars (with tail/body/position checks + S/R proximity)

  • Hammer / Hanging Man

  • Engulfing (bullish & bearish)

  • Doji (trend-reversal flavored)

  • Morning Star / Evening Star

  • Optional breakout module (Donchian-style highs/lows + volume surge)

• Filters before showing a signal

  • Triple-MA trend filter (fast/medium/slow MAs)

  • Heiken Ashi trend filter for smoother direction

  • RSI + Fast RSI, Stochastic (with divergence logic), and Bollinger Bands confirmation

  • ATR-based volatility filter (skip crazy high-vol bars)

  • Volume filter (signal only when volume is significant)

  • Support/Resistance proximity boost

• Multi-timeframe brain

  • Uses MAs from H1 / H4 / D1 / W1 (or configured TFs) to check if the current signal agrees with higher-TF direction, then adds/subtracts confidence.

• Pin-point entries

  • For each valid pattern, it computes a precision entry price:

    • Uses candle body/range, recent local S/R, and ATR.

    • Separate logic for buy vs sell, with tighter, 2-digit normalization for XAU.

    • Keeps entry reasonably close to current price and volatility-aware.

• M1 “anti-fakeout” protection

  • Extra strict on M1:

    • Higher minimum confidence

    • Momentum check over last few bars

    • Trend alignment required (MA + Heiken Ashi)

    • Extra RSI/Fast RSI sanity checks

    • Cooldown between opposite signals to avoid whipsaws

• Visuals & alerts

  • Strong/Weak Buy/Sell arrows, plus:

    • Trend up/down arrows

    • Histogram for pattern strength

    • Confidence lines for buy/sell

    • Optional pattern tags like PIN-B , ENG-S , M-STAR , BREAKOUT , etc.

  • Smart alert system (no duplicate spam per bar), with optional push notifications and detailed message (pattern, confidence, trend, entry level, distance in pips).

So in one line:

A multi-filter, multi-timeframe pin-bar-centric candlestick scanner that scores each signal, designs a volatility-aware entry price, and aggressively filters out weak or noisy conditions—especially on M1.