My first script to identify pin bars with a predefined rules, any feedbacks are welcome.
1. Body of the candle should be above the 50% of the day's price range
2. Either the open or the close should be above the 30% of the day's price range
if both the above conditions are met then a bullish arrow is produced with "B".
The Pin Bar indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos.
The strategy that comes with the Pin Bar pattern is based on price action.
Inputs of the indicator are:
MaxBars: maximum number of bars back to calculate searching for signals
BuySignals (true/false): you can filter signals and decide to show...
// TWA Pinbar Pivots V1.3
// TWA Pinbar Pivots looks for the highs and lows of impulsive moves in the market.
// The signals are generated on pinbar candles indicating that the rally may be extended and looking to retrace.
// This gives us an opportunity to enter the market in the opposite direction to the move taking advantage of the pullback.
// The indicator...
This indicator marks both bullish and bearish Pin Bars. It helps you see potential turning points on the chart.
You can set the following on this indicator:
Length of lookback: The number of candles to compare the Pin Bar candle to. For a bearish Pin Bar, is this the highest high over the last X number of candles? For a bullish Pin Bar, is this the lowest...