SPECIAL OFFER
Upon purchasing this indicator, you will receive 2 FREE sounds that read “pin bar” in male and female voices for alerts.
A pin bar was referred to as a Pinocchio bar in Martin Pring's great book "Technical Analysis Explained", because of the similarity between them:
- The shape of a pin bar looks like Pinocchio's long nose.
- Both pin bars and Pinocchio tell lies. There's a moment during its formation, a pin bar is solidly bullish/bearish but at the end of the bar everyone knows that's false information.
Our indicator allows you to filter pin bars by the neutral range and minimum size.
Please keep in mind that pin bars alone are not trading signals. You will need to analyze pin bars in their contexts.
Key features:
- Identify pin bars based on neutral range percentage you define
- Allow specifying the minimum size of pin bar based on ninZaATR or tick size
- Paint background to highlight pin bar
- Colorize pin bars to clearly show bullish vs bearish bars
- Trigger alerts on pin bar detected
- Print markers on pin bar detected
- Be NinjaScript ready for advanced usage, only restricted by your imagination
- Expose dedicated NinjaScript signals
Dedicated NinjaScript signals:
- Signal_State: 0 = no pin bar, 1 = bullish pin bar, -1 = bearish pin bar
Bonus
Upon purchasing this indicator, you will receive
2 FREE sounds that read “pin bar” in male and female voices for alerts. FYI, these sounds are created with our
Alert Sound Maker.
- 30 Mar 2021 - Regular ATR was replaced with ninZaATR for better performance; massive changes, fixes and improvements were made (DPI, display name, Z order, alert properties, marker string, chart info, property naming/positioning/grouping).
- 09 Mar 2020 - An issue related to exposed parameters was fixed.
- 17 Feb 2020 - A minor update was made.
- 06 Jun 2019 - The indicator was released (built new).
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