Pinbar Detector

Enivid

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Nov 30, 2008
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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?

I don't use Pinbar Detector in my trading, so I cannot answer your question, but I believe that the default settings should work rather well.
 

pkartaaa85

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Oct 11, 2020
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Hi admin ,What are the parameters to be changed to get the below result
1)(bodyHeight/candleHeight)%<50
2)Body height <0.15% of open of the day in case of min to Hr time frame(In case of week week start)
 

Enivid

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1)(bodyHeight/candleHeight)%<50
Which candle? For Nose, it is the CustomMaxNoseBodySize parameter (set to 0.5).
2)Body height <0.15% of open of the day in case of min to Hr time frame(In case of week week start)
You want to compare candle's height to the absolute price level? No, there isn't an input parameter for that.
 

Molibedium

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Jul 24, 2020
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Hello envid, please I have been trying all day to tweak the default settings but I honestly am not getting it right, I am trying to set it up on deriv crash and boom indices for 1hr timeframe but the default settings isn't picking out any pin bar, please is the settings in relation to the spread of a particular chart, also from the attached pictures you only stated for bearish pin bars , how about image for bullish pinbars
 

Enivid

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@Molibedium Spread, volatility, average daily range, and so on do not matter for PinbarDetector. The only reason for it not to show any pinbar (except for some error in the code) is that no candles satisfy given relationship of OHLC distances.

As for the bullish pinbars, I might add more images in the future, but it would be rather redundant as they would be just an inverse version of the bearish pinbars.
 
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