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Shanmuga Priyan J  
i rented this indicator ..works great and as described.....i am a newbie at trading .can you explain this, please 
  • RiseFall_Bars - the required number of bars before the Pin bar with the right values of LOW/HIGH..
Siarhei Baranouski  
shanmu2787:
i rented this indicator ..works great and as described.....i am a newbie at trading .can you explain this, please 
  • RiseFall_Bars - the required number of bars before the Pin bar with the right values of LOW/HIGH..

Hi. Sorry for big delay, I was not at home. I'll try to explain you this parameter. RiseFall_Bars works ONLY when Check_Initial_Trend=TRUE and RiseFall_Bars>0. RiseFall_Bars is parameter how many bars before Pin must be with increasing High (for SELL PIN) or with decreasing Low (for BUY PIN). Please, look at image:


In this example RiseFall_Bars=2, you can see High of Bar#1 is more than High of Bar#2, it means 2 bars before pin meet the requirements and Pin will be drawing. But if you set RiseFall_Bars=3, Pin will NOT be drawing, because High of Bar#2 is LESS than High of Bar#3! (The same thing with BUY PIN and with Low price in opposite direction.

Hope you'll understand me :)

Pham Dang Mai Tram  
Hello, can you build indicators with the new MT4 version? My backtest very often gets unresponsive and MT4 closes on its own.
Siarhei Baranouski  
Pham Dang Mai Tram:
Hello, can you build indicators with the new MT4 version? My backtest very often gets unresponsive and MT4 closes on its own.

Hello. It's really strange, but I've recompiled indicator with the newest build and you can download version 1.1.

Pham Dang Mai Tram  
Siarhei Baranouski:

Hello. It's really strange, but I've recompiled indicator with the newest build and you can download version 1.1.

Thanks you very much. Your indicator is great with my strategy.
Pham Dang Mai Tram  
Hello, you can add 2 conditions: Price is above / below the MA AND the slope of the MA? I think it's better to add both at the same time.
Siarhei Baranouski  
Pham Dang Mai Tram:
Hello, you can add 2 conditions: Price is above / below the MA AND the slope of the MA? I think it's better to add both at the same time.
What do you mean about slope of the MA? MA rises of falls during last 2 bars? Please, describe more clear what do you mean.
Pham Dang Mai Tram  
Siarhei Baranouski:
What do you mean about slope of the MA? MA rises of falls during last 2 bars? Please, describe more clear what do you mean.

I mean adding the option to check both MA filter / Check_MA conditions:

ABOVE / BELOW and ANGLE

It should look like this:

1. OFF

2. ABOVE / BELOW

3. ANGLE

4. ABOVE / BELOW AND ANGLE

Thank you very much.

File:
pinbar_AND.png  12 kb
Siarhei Baranouski  
Pham Dang Mai Tram:

I mean adding the option to check both MA filter / Check_MA conditions:

ABOVE / BELOW and ANGLE

It should look like this:

1. OFF

2. ABOVE / BELOW

3. ANGLE

4. ABOVE / BELOW AND ANGLE

Thank you very much.

You can download new indicator version with added filter and fixed error

Pham Dang Mai Tram  
Siarhei Baranouski:

You can download new indicator version with added filter and fixed error

Thanks you very much. You are very good.
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