Precision Candlestick Analyzer PinBar
- Indicatori
- Steffen Schmidt
- Versione: 1.0
- Attivazioni: 8
🧠 Indicator logic (quick summary)
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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
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Bullish & bearish Pin Bars (with tail/body/position checks + S/R proximity)
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Hammer / Hanging Man
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Engulfing (bullish & bearish)
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Doji (trend-reversal flavored)
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Morning Star / Evening Star
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Optional breakout module (Donchian-style highs/lows + volume surge)
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Filters before showing a signal
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Triple-MA trend filter (fast/medium/slow MAs)
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Heiken Ashi trend filter for smoother direction
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RSI + Fast RSI, Stochastic (with divergence logic), and Bollinger Bands confirmation
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ATR-based volatility filter (skip crazy high-vol bars)
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Volume filter (signal only when volume is significant)
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Support/Resistance proximity boost
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Multi-timeframe brain
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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.
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Pin-point entries
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For each valid pattern, it computes a precision entry price:
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Uses candle body/range, recent local S/R, and ATR.
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Separate logic for buy vs sell, with tighter, 2-digit normalization for XAU.
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Keeps entry reasonably close to current price and volatility-aware.
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M1 “anti-fakeout” protection
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Extra strict on M1:
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Higher minimum confidence
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Momentum check over last few bars
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Trend alignment required (MA + Heiken Ashi)
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Extra RSI/Fast RSI sanity checks
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Cooldown between opposite signals to avoid whipsaws
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Visuals & alerts
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Strong/Weak Buy/Sell arrows, plus:
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Trend up/down arrows
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Histogram for pattern strength
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Confidence lines for buy/sell
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Optional pattern tags like PIN-B , ENG-S , M-STAR , BREAKOUT , etc.
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Smart alert system (no duplicate spam per bar), with optional push notifications and detailed message (pattern, confidence, trend, entry level, distance in pips).
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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.
