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Pin Bar a.k.a. "Pinocchio Bar"

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Pin Bar a.k.a. "Pinocchio Bar"

Postby Apprentice » Sun Jul 04, 2010 5:18 pm

PinBar.png

This indicator will help you find Pin bar a.k.a. "Pinocchio Bar" reversal pattern.

Pin Bar Characteristics
Open and Close of pin bar is within left eye
Open and Close of pin bar are very close together (the closer the better)
Open and Close of pin bar near one end of bar (the closer to an end the better)
A long nose that sticks out from surrounding prices (the longer the better)

Candle preceding is called left eye, and following candle is called right eye.
Option allows you to define the length of the nose as a percentage of the total length of candle,
includ checks of the left eye rule.
PB.lua
(4.03 KiB) Downloaded 633 times



PB with Alert.lua
(8.95 KiB) Downloaded 475 times

This indicator provides Audio / Email Alerts if and when Pin Bar has been confirmed.

In order to Audio/Email alerts could work, install and activate Alert Signal.
_Alert.lua
(627 Bytes) Downloaded 253 times
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Re: Pin Bar a.k.a. "Pinocchio Bar"

Postby gravboy » Thu Jul 08, 2010 5:26 pm

This is a great indicator. I love it, helps me see the hammer without looking. . I am no programer, but if you could do the same with a Doji, and a spinning top + Hammer, that would make my day.
If you notice, when a market turns on a 5 min chart also a 15 min, you usually get a spinning top or doji, followed by a hammer, then the market turns., If you could make one signal with a group of 2 or more, that would be super.
DOJI.png
DOJI, SPINNING TOP,HAMMERS
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Re: Pin Bar a.k.a. "Pinocchio Bar"

Postby costock » Thu Jul 22, 2010 8:50 am

Hi

This is a very useful tool, just been evaluating it. I notice that there is a new command terminal:alertEmail which would be really handy to add to indicators like this.

Can you give me some clues how this could be done?

thanks
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Re: Pin Bar a.k.a. "Pinocchio Bar"

Postby Apprentice » Thu Jul 22, 2010 10:38 am

For now this option is available only in beta version.
I advise you waited until the moment when this functionality is included in the commercial version.
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Re: Pin Bar a.k.a. "Pinocchio Bar"

Postby ajgregg720 » Tue Sep 14, 2010 6:20 pm

Any ideas on when this will be in commercial version?
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Re: Pin Bar a.k.a. "Pinocchio Bar"

Postby Apprentice » Wed Sep 15, 2010 2:51 am

It is available now.
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Re: Pin Bar a.k.a. "Pinocchio Bar"

Postby MrDavide79 » Thu Nov 15, 2012 7:24 am

Hello Apprentice,
where is avaible now this indicator?

thanks
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Re: Pin Bar a.k.a. "Pinocchio Bar"

Postby MrDavide79 » Thu Nov 15, 2012 8:05 am

Can someone please post a screenshot of parameters ?
what means number of parameters? pips or % ?
thanks
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Re: Pin Bar a.k.a. "Pinocchio Bar"

Postby Apprentice » Fri Nov 16, 2012 4:37 am

Body Lengt, 33
The body is at least 33 percent of the candle.

Body Position, 33
The body is in the first 33 percent of candle.
(this can be top or bottom percent)

Nose Leng, 33
Nose or Wick,is at least 33 percent of candle.
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Re: Pin Bar a.k.a. "Pinocchio Bar"

Postby MrDavide79 » Sat Nov 17, 2012 10:34 am

Apprentice wrote:Body Lengt, 33
The body is at least 33 percent of the candle.

Body Position, 33
The body is in the first 33 percent of candle.
(this can be top or bottom percent)

Nose Leng, 33
Nose or Wick,is at least 33 percent of candle.


sorry but are you sure that Body Lengt, is:
The body is at least 33%
or
The Body is the 33%

because if i put Body Lengt, 100% Indicator found candle
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