Pin Bars MT5

Main purpose: "Pin Bars" is designed to automatically detect pin bars on financial market charts. A pin bar is a candle with a characteristic body and a long tail, which can signal a trend reversal or correction.

How it works: The indicator analyzes each candle on the chart, determining the size of the body, tail and nose of the candle. When a pin bar corresponding to predefined parameters is detected, the indicator marks it on the chart with an up or down arrow, depending on the direction of the pin bar (bullish or bearish).

Parameters:
  • TailToBodyRatio - defines the minimum ratio between the length of the tail and the body size of the pin bar.
  • NoseToTailRatio - sets the maximum allowable ratio between the "nose" and the tail of the pin bar.
  • ArrowSize - defines the distance between the marked pin bar and the arrow pointing to it on the chart.

Application: "Pin Bars" indicator can be used to identify potential trend reversal points and generate signals to enter the market or close positions. When used correctly and combined with other technical indicators and analysis methods, the indicator is able to improve trading results.

Other Products: https://www.mql5.com/ru/users/yura1994ru/seller#products

Important:
  • The indicator is not a ready-made trading system and should be used in combination with other analysis tools.
  • It is recommended to test and optimize the parameters of the indicator on historical data before using it on a real account.

Conclusion: "Pin Bars" indicator is a convenient and easy–to-use tool for identifying pin bars on charts. It can be a useful addition to your trading strategy, helping to identify potential trend reversals and improving trading results.



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Temirlan Kdyrkhan
ScalpPoint is a powerful trading companion designed to generate high-probability entry signals with dynamic TP/SL/DP levels based on volatility. Built-in performance tracking shows win/loss stats, PP1/PP2 hits, and success rates — all updated live. Key Features: Buy/Sell signals with adaptive volatility bands Real-time TP/SL/DP levels based on ATR Built-in MA Filter with optional ATR/StdDev volatility Performance stats panel (Success, Profit/Loss, PP1/PP2) Alerts via popup, sound, push, or emai
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Daniel Stein
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The EA is designed primarily for the GBP / USD pair with the M15 timeframe , but it can also be used on other major pairs with preliminary testing using minimal risks. You can change the lot size in the adviser parameters. The EA is based on several indicators: Percent BB, Steady Bands, and Donchian Channel. The expert Advisor opens a buy transaction at the opening of a new day if all the conditions of the above Indicators are met. Below are screenshots of testing since 2018. Initial balance
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Ppr PA MT5
Yury Emeliyanov
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Fakey Detector — False Breakout (Fakey) Indicator Fakey Detector is an indicator that automatically detects the classic Fakey pattern (false breakout of an inside bar) from Price Action and displays it on the chart using an arrow and breakout level. How it works: The Fakey pattern consists of three candles: Mother Bar — the largest by range Inside Bar — fully contained within the Mother Bar's range Fakey Candle — breaks out (up or down), but then closes back inside the range The indicator
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Yury Emeliyanov
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Yury Emeliyanov
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Yury Emeliyanov
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Yury Emeliyanov
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Yury Emeliyanov
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Yury Emeliyanov
Offre spéciale : Pour les 10 premiers acheteurs, un prix spécial réduit est appliqué, après quoi le coût augmentera. C'est une occasion unique d'acquérir l'expert-conseil à un prix réduit. L' expert-conseil Roobi affiche un taux de transactions rentables de 73% au cours des 5 dernières années de tests. Il est spécialement conçu pour la paire de devises EUR/GBP M30 , mais peut être adapté à d'autres paires grâce à l'optimisation des paramètres. Son fonctionnement repose sur plusieurs indicateurs
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Yury Emeliyanov
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Yury Emeliyanov
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