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Pin Bar Indicator free

The Free  Pin Bar MT4 indicator  identifies Pin Bars  It will even give you sound or email alerts if want them.

If you download it and like it please leave a review! It would be wonderful

Pin Bars are purely based on price action as reflected by the candle formations created by Forex price movements.

input Parameters are

  • maximum allowed body/length ratio for the Nose bar.
  • Nose body should be position in top (bottom for bearish pattern) part of the Nose bar.
  •  tells the indicator that the Left Eye bar should be bearish for bullish Pinbar, and bullish for bearish Pinbar.
  • tells the indicator that the Nose bar should be of the same direction as the pattern itself.
  • tells the indicator that the Nose body should be inside the Left Eye body.
  • minimum size of the Left Eye body relative to the bar length.
  • minimum protrusion of the Nose bar relative to the bar length.
  • maximum size of the Nose body relative to the Left eye body.
  • minimum Nose length relative to the Left Eye length.
  •  minimum depth of the Left Eye relative to its length. Depth is length of the part of the bar behind the Nose.

Usage

The best way to use the pinbar pattern in as an early reversal indicator in conjuction with support/resistance or relative maximum or minimum. The pinbar should be utilized to identify strong supply/demand area.  Best is to use the pinbar on M15 upward. Avoid trading on any pinbar if not in conjuction with support/resistance.The stop loss shoudl be positioned 10 to 15 pips above the pinbar. For take profit a trailing stop can be used as this kind of pattern can identify long movements.

Tranding pairs like EUR/USD or USD/JPY are in general good option for pinbar pattern.

Comentários 16
Valentin Butorin
3707
Valentin Butorin 2020.10.01 19:40 
 

Nice!

enasp
19
enasp 2020.06.21 16:38 
 

Just downloaded and backtested. It works very well.

amah5402
14
amah5402 2020.04.25 14:22 
 

Works very well, thanks for the effort.

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Are you a day/week/month trader, or even a quick scalper? MCTS will show you the best trending currencies to trade on any timeframe. By using a unique algorithm MCTS measures the strengths of individual currencies and then combines them into pairs to show you the best pairs to trade. Monitor all 8 major currencies and all 28 pairs. Monitors the strengths of the following currencies: EUR, USD, GBP, JPY, AUD, NZD, CHF, CAD. Measure the true strength of a currency on any timeframe. Know which curre
30 USD
Scalp Tools Support and Resistance Levels
Martin Fischer
This is a very comfortable tool to analyze the important price levels of the market. It calculates the support and resistance levels and automatically saves every important setting for every symbol and period! With it's graphical interface, it is very easy to use! Please watch the YouTube video in HD. Please do not click "Free Demo"! This tool does not work in offline-charts / the strategy-tester! You can find as free demo-version (limited to USDCAD) here: Scalp Tools Support And Resistance Leve
30 USD
Filtro:
Valentin Butorin
3707
Valentin Butorin 2020.10.01 19:40 
 

Nice!

Billy Kaiser
121
Billy Kaiser 2020.08.31 16:57 
 

Usuário não fez qualquer comentário quanto a classificação

darius19801408
56
darius19801408 2020.06.21 17:07 
 

Interesting

enasp
19
enasp 2020.06.21 16:38 
 

Just downloaded and backtested. It works very well.

jose manuel echague
100
jose manuel echague 2020.05.25 21:24 
 

buen indicador

amah5402
14
amah5402 2020.04.25 14:22 
 

Works very well, thanks for the effort.

valperix
14
valperix 2020.04.02 11:12 
 

Good Indicator, thanks.

ALI ABBOOD ATIYAH AL-HADRAWI
767
ALI ABBOOD ATIYAH AL-HADRAWI 2020.01.12 00:03 
 

Wonderful, thank you very much

Jay Scherrer
24
Jay Scherrer 2019.10.13 05:38 
 

Indicator works and alerts are delivered clean.

Good Job

philippe germain
2268
philippe germain 2019.08.04 22:57 
 

Usuário não fez qualquer comentário quanto a classificação

mambobody
354
mambobody 2019.07.12 20:02 
 

Accurate, thank you

richard-Zhu
244
richard-Zhu 2019.04.19 15:32 
 

good indicator ! Thanks

Victor Manuel Valderrama Zamora
4575
Victor Manuel Valderrama Zamora 2019.04.19 02:07 
 

very useful

sunnychow
8619
sunnychow 2019.03.10 14:46 
 

Thanks for share

silviacoluccelli
36
silviacoluccelli 2019.03.09 19:10 
 

Usuário não fez qualquer comentário quanto a classificação

Fabio Rochards
43
Fabio Rochards 2019.03.09 18:21 
 

Usuário não fez qualquer comentário quanto a classificação

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