Simple indicator highlighting Lepikkokynttilä. You can tweak wick sizes, body size relative to candle size and colors.
Note: This is a script that synthesizes a number of popular price action and candlestick patterns along with a trading strategy based on horizontal support and resistance. Scripts are used for learning and research purposes. Useage: Support and resistance are two important areas in Price Action analysis and trading. After confirming the support and resistance...
Abstract This script computes the strength of pin bars. This script uses the corrent and the previous two bars to compute the strength of pin bars. The strength of pin bars can be also comared with average true range, so we can evaluate those pin bars are strong or weak. Introduction Pin bar is a popular price action trading strategy. It is based on quick price...
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...
Special filtered version of Pin Bar signals Stop and first/second target drawings Candle colors for Pin Bars and first targets Alert conditions for Pin Bars, targets and stops Red and green plotchars for Pin Bar identification More to come..
This study draws a trend line for the last two Bill Williams up-fractals and down-fractals. Trend line break signals and alerts can optionally be added.
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...
This is a Pinbar Monitor which design for Chinese. 这是一个Pinbar识别器。 本脚本的目的在于帮助使用中文的人了解该指标,特别是其用法。同时将该指标代码添加完整的中文注释,方便使用中文的人学习Pine语言。 Pinbar概念来自于Price Action,基本类似于国内K线分析中的十字星,锤子线。该指标的主要功用在于帮助识别盘面出现的Pinbar,分为牛市Pinbar和熊市Pinbar。 对Pinbar的量化定义 熊市Pinbar 1 前一根K线,必须为阳线; 2 K线实体必须小于前一根K线; 3 下影线高度至少大于0.5倍实体高度; 4 上影线高度至少是2倍实体高度。 牛市Pinbar 1 前一根K线,必须为阴线; 2 K线实体必须小于前一根K线; 3...
Hey traders! This is a simple script to show some information about the candles on your screen. Currently it shows: - Pinbars - Inside bars - Bullish engulfing candles - Bearish engulfing candles Quick explanation about the settings: - Wick to candle range ratio (default 0.7): Pinbar wick needs to be at least 70% of the candle range - Part of wick that stands...
Dear Followers, today a new Price Action Tool , the "Pinbar that matters" , also known as Hammer (bullish case) and Inverted Hammer (bearish case). Everybody knows the importance of pinbar to highlight reaction at support or resistance range , as well as at supply and demand zones market makers' actions trend switching in short-term and mid-term...
This strategy is a modified pin-bar reversals strategy I had implemented before. This one goes long when you have a bullish trend (vwap > ema and px > both) and a pinbar happens at the vwap in bullish direction. opposite for shorts.
My first script to identify pin bars with a predefined rules, any feedbacks are welcome. Rules Bullish Candle 1. Body of the candle should be above the 50% of the day's price range AND 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". ...
Pin bar- Trading RoadMap Simple Script to show Up Pin Bar = Yellow Down Pin Bar = Black The Pin Bar Criteria: - The Shadow ≥ 2 X Body - Open And Close In The Top 33% Have a peaceful and profitable trading day 😊 Khaled Maziad
(Made on XBT/USD 4h Bitmex) This strategy is a first attempt to countertrade the false break of a key support/resistance. If a candle breaks the level, but it comes back before close, it will trigger an order. The Stop Loss is in %, the Take Profit is near the EMA. There is a "volatility filter" to block orders when the price is near the EMA and a coefficient to...
The term 'Pin Bar' actually comes from Pinocchio bar, rather than the fact it looks like a pin. If you look from above at that lying motherf*cker Pinocchio's head his nose sticks right out. This finds that kind of price action, so there aren't that many signals but the ones that you see are strong and actionable. In my opinion this is the way signals should work....