True PinBars
- Indicatori
- Timothy Lee Armstrong
- Versione: 1.15
- Attivazioni: 10
True PinBars — precise and robust
Spot the real pin bars—the ones that actually precede rotation. No chasing every cute wick. This uses strict geometry + market-aware sizing making it the most dynamic on the market.
Features
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Range Size Filter (optional) :
More robust to outliers and regime shifts.
→ If median = 100 pts and you set PercentOfMedian = 125, today’s bar must be ≥ 125 pts. Clean. Scalable. -
Dual-EMA Trend Filter (optional):
Require price to be on the correct side of EMA 50 and EMA 100 (customizable). Keeps you trading with the tape, not against it. -
Swing Filter (optional):
Demand location. Bull pins form at the lowest low of the last 'number of bars'; bear pins at the highest high. Cuts the mid-range noise. -
Sharper geometry:
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TailToBodyRatio controls how dominant the tail must be.
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OppWickMaxOfRange caps the opposite wick as a fraction of the entire candle range (not just the main wick).
Translation: obvious rejection > decorative shadows.
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Non-repainting by design:
Bar-close lock. Signals print only on closed bars. What you see is what the logic validated.
Why it filters better
Layered rules focus on decisive rejection + meaningful size + right context. That means fewer tiny, cosmetic “pins” and more candles that actually matter.
Sensible defaults (fully editable)
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TailToBodyRatio: 2.0×
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OppWickMaxOfRange: 15%
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Trend Filter: off by default; EMAs = 50 & 100
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Swing Filter: on, SwingLookback = 5
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Range Size Filter (Median): on, MedianLookback = 25, PercentOfMedian = 125%
Dial PercentOfMedian or TailToBodyRatio down for more signals; up for sniper-level strictness.
EA-friendly
Clear, stable buffers. Closed-bar logic. Built to slot into automation without “ghost” triggers.
Disclaimer: Not investment advice. Validate with your playbook, risk rules, and forward tests before going live.
