that the Nose bar should be of the same direction as the pattern itself. A good idea would be to attach this indicator to long-term timeframes (from H1 to W1) on all currency pairs you are comfortable trading. CustomMaxNoseBodySize (default.33) maximum allowed body/length ratio for the Nose bar. It is recommended to try different detection settings to filter patterns according to your own image of a perfect Pinbar. Pinbar Detector for MetaTrader.zip. You can always discuss Pinbar Detector with the other traders and MQL programmers on the indicators forum.
UseCustomSettings (default false) tells the indicator to use custom Pinbar detection parameters described below. The configuration of Pinbar detection can be done via the indicator's input parameters. The indicator is available both for MT4 and MT5 versions of the trading platform. Pinbar Detector can issue platform alerts and email alerts on detection. Input parameters, countBars (default 0) the maximum number of bars, on which to detect the pinbars. 1.00 - First release of Pinbar Detector). (default false) tells the indicator that the Nose body should be inside the Left Eye body. CustomNoseProtruding (default.5) minimum protrusion of the Nose bar relative to the bar length. Example, as you can see on the chart above, the indicator is not perfect as is the Pinbar pattern itself. UseAlerts (default true) tells the indicator to issue platform alert with sound excel forex money management on Pinbar detection. Pinbar Detector for MetaTrader.mq5.
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