This indicator allows you to filter noisy pin bar chart, with pin bars which have been rejected from dynamic support/resistance level also named as 21 Moving Average. I would consider to work only on higher time frames like 1H and higher, so you really can find only best entries. Have fun, write your feedback in the comments section:) P.S This is the first...
Script Components - Volume Weighted Averages (Daily, Weekly, Monthly and Yearly) - Price bands created with Standard Deviation - ALMA Indicator - Automatic Trend Lines How to use : * The script has been written to work properly in all time periods. It is more appropriate to use visually in periods of 4 hours or less. * First of all, it should be checked whether...
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..
We know the 80-20 Rule works very well in real life. It works well in technical analysis and price action as well. This script identifies strong or momentum candles applying the rule body should be 80% or more of the range This is 80% body and 20% shadow. Then there are pin candles where there is a 80% shadow and open and close is in one extreme and body is 20%...
This is the version for cryptocurrencies of my scanner for forex majors The scope of this script is to work as a scanner of pin bars and engulfing candles of the crypto market. Best to use with time frames Daily and 4h, lower timeframes gives too many results and may be noisy without trend filter. Next improvement will be: - To display in a better way the...
The scope of this script is to work as a forex scanner of pin bars and engulfing candles of the majors. Best to use with time frames Daily and 4h, lower timeframes gives too many results and may be noisy. Next improvement will be: - To display in a better way the results, but actually you have to zoom in and out if some results are overlapping. - To add allarms...
The indicator identify real pin bar candle (the shadow must be 2x the body)
The script highlights "Fuller's pins" and generates alerts when these bars are appearing