Pinbar Detector is a MetaTrader indicator that tries to detect Pinbars (also known as "Pin-bar" or "Pin bar") and marks them by placing a "smiling face" symbol below the bullish Pinbars and above the bearish Pinbars. It is a pure price action indicator, which is not using any standard technical indicators in its code. The configuration of Pinbar detection can be done via the indicator's input parameters. Pinbar Detector can issue platform alerts and email alerts on detection. The indicator is available both for MT4 and MT5 versions of the trading platform.
As you can see on the chart above, the indicator is not perfect as is the Pinbar pattern itself. It is recommended to try different detection settings to filter patterns according to your own image of a perfect Pinbar. You can use our basic strategy for trading Pinbars, or you can try developing your own, depending on the aggressiveness of your overall Forex trading style. A good idea would be to attach this indicator to long-term timeframes (from H1 to W1) on all currency pairs you are comfortable trading in. Then, alerts would let you know once the trading opportunity arises.
Do you have any suggestions or questions regarding this indicator? You can always discuss Pinbar Detector with the other traders and MQL programmers on the indicators forum.
Pin Bars are also sometimes called Pinocchio Bars, Kangaroo Tails, Shooting Stars or Hanging Men.
This indicator helps you spot them all.
Backtesting a Pin Bar trading strategy can take a long time.
The thing that usually slows most traders down is calculating the tail size of every Pin Bar.
You see, trading systems have different definitions of what a Pin Bar is.
Some strategies say that the tail of a Pin Bar should be at least 66% of the total candle length.
Other strategies say that Pin Bars should be at least 50% of the total candle length.
Regardless of which definition you use, it takes time to calculate the tail size of every candle that looks like a Pin Bar.
It's actually quite tiring!
This indicator saves you a ton of time by automatically marking all of the Pin Bars that meet your criteria.
Note: This indicator works for all versions of Forex Tester.
This video will show you how to install and use this indicator.
The settings for these indicator are very simple.
Click the + symbol to see the answer to each question.
Platform | For all versions of Forex Tester |
---|---|
Payment Options | Major Credit Cards, PayPal, Bitcoin or Bitcoin Cash |
Payment Term | One-time payment, no recurring charges |
Refund Policy | Downloadable software cannot be returned, so there are no refunds on this product. Please be sure that you have the correct product before purchasing. |
Terms of Use | Although every effort has been made to create the best Forex Tester plugins on the market, we are not responsible for trading losses associated with the use of this indicator. By using this plugin, you automatically agree to our <a href="eunic-brussels.eu">terms of use</a>. No representation is being made that this plugin will guarantee profits, or not result in losses from trading. |
Only logged in customers who have purchased this product may leave a review.
аналитика форекс gbp кaртa мирa форекс вспомогательные индикаторы форекс как платят налоги трейдеры валютного рынка форекс лучшие индикаторы для входа индикаторы измерения температуры щитовые дмитрий котенко форекс клипaрт для форекс имхо на форексе дц форекс брокер отзывы безрисковая комбинация форекс индикаторы рынка ферросплавов