Индикатор Pins Форекс

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.

Input parameters

Example

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.

Discussion

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.

Changelog

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• Added the UseNotificationAlerts input parameter and a mobile device notification alerts option.
• Added the CustomMinimumNoseLength input parameter to set the minimum Nose bar length in points.
• Simplified some code structures.

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• Added input parameter DisplayDistance to control the distance from "smiling faces" to candles.

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• Added input parameter CountBars to limit the number of bars to detect pinbars on.

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• First release of Pinbar Detector.

Description

Identify Pin Bars Instantly and Speed Up Your Backtesting

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. 

See the Indicator in Action

This video will show you how to install and use this indicator.

Indicator Settings

The settings for these indicator are very simple.

• % of the tail: This is the minimum percentage of the total candle range, in order for the candle to be marked as a Pin Bar. For example, the default is 66, so the tail has to be at least 66% of the total candle range. So if a candle has a total length of pips, the tail has to be at least 66 pips, for it to be marked as a Pin Bar. This setting can be changed to anything you want.
• Pin Bull: The color of the bullish Pin Bar markers.
• Pin Bear:  The color of the bearish Pin Bar markers.

$47

Frequently Asked Questions

Click the &#;+&#; symbol to see the answer to each question.

$47

More Information

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