Pinbar Detector

Enivid

Administrator
Staff member
Nov 30, 2008
17,005
1,020
144
Odessa
www.earnforex.com
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

Trader
Oct 11, 2020
6
0
17
39
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

Administrator
Staff member
Nov 30, 2008
17,005
1,020
144
Odessa
www.earnforex.com
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

Trader
Jul 24, 2020
2
0
7
31
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

Administrator
Staff member
Nov 30, 2008
17,005
1,020
144
Odessa
www.earnforex.com
@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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djarturos

Newbie
Dec 19, 2021
2
0
1
35
Hello, is there option for set up maximum and minimum of whole candle in pips/points? There could be VERY useful option for me. I can avoid some small doji candles with only few pips lenght. Or eventually could you add this code line to the parameters?
Example:
- candle appears - it is 4 pips long (body + tail)
- body of the candle is 1 pips long which means MaxNoseBodySize = 0.25
- it means a very small Pin Bar but I don't want to trade it - I am hunting for very long tails with small body
 

Enivid

Administrator
Staff member
Nov 30, 2008
17,005
1,020
144
Odessa
www.earnforex.com
Hello, is there option for set up maximum and minimum of whole candle in pips/points? There could be VERY useful option for me. I can avoid some small doji candles with only few pips lenght. Or eventually could you add this code line to the parameters?
No, there is no absolute length filter right now. Maybe I will implement it in the future, but I am not sure.
 

djarturos

Newbie
Dec 19, 2021
2
0
1
35
No, there is no absolute length filter right now. Maybe I will implement it in the future, but I am not sure.
Thanks for answer. Okay, I understand. Think about it, please. I need just this one thing but I have no idea about coding and I don't know how to change it ;p
 

najafi

Trader
Nov 19, 2021
4
1
9
25
Iran
Hey there,
Just wanna say thank you for updating the Pinbardetector.
I've changed the arrow code to 170, and I think it's better now.
 
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