Pinbar Detector

[Taucat]

Does anyone can recommend the setting only show long tail with small body? Thanks

 

[Enivid]

Try CustomMaxNoseBodySize = 0.2 and CustomNoseBodyPosition = 0.25.

 

[Taucat]

Thanks admin. Have a nice day

 

[speedytina]

Hello Enivid;
I am trying move the "happy face" signals farther away from candles. I assume that something needs to be changed within following code. I have tried every which way to change the code but the "happy face" signal wont budge.
What am I doing wrong?

//---- indicator buffers mapping
   SetIndexBuffer(0, Down);
   SetIndexBuffer(1, Up);
//---- drawing settings
   SetIndexStyle(0, DRAW_ARROW);
   SetIndexArrow(0, 74);
   SetIndexStyle(1, DRAW_ARROW);
   SetIndexArrow(1, 74);
//----
   SetIndexEmptyValue(0, EMPTY_VALUE);
   SetIndexEmptyValue(1, EMPTY_VALUE);
//---- indicator labels
   SetIndexLabel(0, "Bearish Pinbar");
   SetIndexLabel(1, "Bullish Pinbar");

 

[Enivid]

Please use code highlighting when inserting pieces of code into your posts.

I have updated Pinbar Detector to version 1.02. It now has an input parameter (DisplayDistance) to control the distance from the smiling faces to the candles.

 

[speedytina]

Thank you Enivid. Exactly what I needed. Sorry about lack of code Highlighting.

 

[sholihul]

pinbar detector

 

[Enivid]

pinbar detector

And what is the point of this post?

 

[sholihul]

only sharing

 

[Enivid]

only sharing

But it is already shared here. This thread was created for discussing that very same indicator. The link is in the starting post.

 

[Steven St.Clair-Hughes]

How do you change the values of the input variables on the Pinbar Detector? Thought email notification would be helpful so as not to have to stare at the charts continuously and for tweaking purposes.

 

[Enivid]

You can change the indicator's input paramters via the Inputs tab in the pop-up window that appears when you first attach the indicator to a chart:

 

[Tiengrt]

May you help me code the CútomMinimumnosebodysize— minimum allowed body/length ratio for the Nose and Minimum bodysize?
I wanna body size longer than 1 pip

 

[Enivid]

If you just want to be able to set the minimum body size in pips (like 1 pip, for example), you do not need to code something like CustomMinNoseBodySize with body/length ratio calculation. You could just add an extra condition like this:

if (MathAbs(Open[i] - Close[i]) < Point) continue;

 

[PaulVic]

Hi Enivid, nice indicator. Sorry to be a pain..
Any chance of adding tick volume to the equation.
A pin bar on high volume has more chance of being a reversal, if it does not reverse on high volume it becomes a sign of weakness (assuming it was looking like a bullish pin bar), so either way a signal is given. High volume pin bars can be a sign of market makers laying down a support/resistance zone to initiate a trading range.
I would suggest something along the lines of "where volume is greater than X times the average of the last Y number of bars.
Help as always appreciated, thanks Paul

 

[Enivid]

Such a check would be best implemented as a separate expert advisor that incorporates both the output of the Pinbar Detector as a customer indicator and the readings of the tick volume.

 

[PaulVic]

OK, thanks for looking into it.
thanks Paul

 

[Nguyen Dan]

If you just want to be able to set the minimum body size in pips (like 1 pip, for example), you do not need to code something like CustomMinNoseBodySize with body/length ratio calculation. You could just add an extra condition like this:

if (MathAbs(Open[i] - Close[i]) < Point) continue;

hi. i'm studing to code with MT4. can you explain for me that what is the "POINT" in this post.

 

[Enivid]

hi. i'm studing to code with MT4. can you explain for me that what is the "POINT" in this post.

Point is a predefined variable in MT4, which stores the current symbol's pip size. For example, if the code is executed on a EUR/USD chart the Point's value will be "0.0001" (or 0.00001 if on a 5-digit broker). You can read more about the variable here:
https://docs.mql4.com/predefined/pointvar

Also, in MetaEditor, it is possible to move the pointer to any predefined variable/function or keyword and press F1 to open a built-in help on the subject.

 

[andrexavier]

I would like to ask Enivid. In your experience, what is the best setting to use to capture trend reversal? Should we keep the USE CUSTOM SETTINGS parameter as FALSE? And if it's like TRUE, what is the best setting for each parameter of the following lines?