Pinbar Detector premium

English (MQL5 Market description — SEO optimized, no emoji)

Title: Pin Bar Detector — Price Action Candlestick Pattern Scanner (Pin Bar, Pinocchio Bar, Reversal Signal)

Keywords: Pin Bar, Pinocchio Bar, price action, candlestick pattern, reversal indicator, rejection candle, wick indicator, long wick scanner, no repaint, non-repainting, Forex, Gold, XAUUSD, scalping, swing trading

Pin Bar Detector is a non-repainting price-action indicator that scans every candle on your chart and automatically marks true Pin Bar (Pinocchio Bar / rejection candle) formations by coloring the candle itself — no arrows, no extra objects, no clutter.

Pattern logic — 3-condition filter:

1. Minimum wick length — set in points; adapts automatically to any symbol's price scale (Gold/XAUUSD, Forex majors and minors, Indices, Crypto, Stocks).
2. Body-to-wick ratio — candle body must not exceed 50% of the dominant wick, filtering out ordinary candles with no real rejection.
3. Opposite-wick ratio — the smaller wick must stay under 25% of the larger wick, removing doji and two-sided candles that are not genuine Pin Bars.

Main features:

• Pin bar candles are painted in a distinct, fully customizable color — visible at a glance on any timeframe
• Sound alert fires only on candle close — zero false signals from unfinished, still-forming bars
• Fully adjustable inputs: minimum wick size (points), body/wick ratio, opposite-wick ratio, colors, custom sound file (.wav)
• Works on every symbol and timeframe: Forex, XAUUSD/Gold, Indices, Crypto, Stocks
• Lightweight, fast calculation, no repainting, no look-ahead
• Clean chart output — candle coloring only, no buffers cluttering the window

Best suited for:
Price action traders, reversal and swing traders, scalpers on M5-M15, and anyone applying classic Pin Bar / Pinocchio Bar strategies at support, resistance, trendlines or key levels.

Note: This tool identifies the candlestick pattern only; it does not generate buy/sell recommendations. Combine with your own trend, structure or level analysis for trading decisions.

Unlimited License: $50
6-Month License: $38