Free MT4 Pin Bar Indicator identifies Pin bars

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Pinbar

 

 

The Free MT4 Pin Bar indicator that identifies Pin Bars can be used for MT4 and MT5 charts and will detect Pin bar according to the specifications determined by the user. It will even give you sound or email alerts if want them.

Pin Bars are purely based on price action as reflected by the candle formations created by Forex price movements.

Some of the input Parameters are

  • maximum allowed body/length ratio for the Nose bar.
  • Nose body should be position in top (bottom for bearish pattern) part of the Nose bar.
  •  tells the indicator that the Left Eye bar should be bearish for bullish Pinbar, and bullish for bearish Pinbar.
  • tells the indicator that the Nose bar should be of the same direction as the pattern itself.
  • tells the indicator that the Nose body should be inside the Left Eye body.
  • minimum size of the Left Eye body relative to the bar length.
  • minimum protrusion of the Nose bar relative to the bar length.
  • maximum size of the Nose body relative to the Left eye body.
  • minimum Nose length relative to the Left Eye length.
  •  minimum depth of the Left Eye relative to its length. Depth is length of the part of the bar behind the Nose.

Free MT$

Free MT4 Pin Bar Indicator identifies Pin bars

In order to use these setting properly you should do the course available on the links provided below:-

Pin Bar Download Page

Alternatively there is a Pin Bar Trading strategy available on the Pin Bar Identification download page which can be found at this link:-

http://www.moneymakingforextools.com/free-pin-bar-identification-mt4-indicator/    *

* Please note that you have to be a logged in member to access this download information. If you are not logged in or are not a member at this stage click on the above link and you can then take action.

 

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Other links:-

Free forex candle formation indicator/:-  Free MT4 Indicator

Advance Pin bar Course:- http://www.moneymakingforextools.com/free-forex-pin-bar-course-advanced-candle-formations/

 

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