Pin Bar with Filters

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Pin Bar with Filters

Postby Apprentice » Thu Mar 23, 2017 2:05 pm

EURUSD m1 (03-23-2017 1808).png


Up Arrow

Spike is at least 75% of the total range of the candle and,
in a downtrend the spike shoots down and the "low" is lower than the last 4 lows;
the opposite shadow is no more than a 3% of the total range of the candle

If MA filter is on, we will have arrow only if price is below moving average.

Vice versa for Down Arrow

Pin Bar with Filters.lua
(5.51 KiB) Downloaded 698 times


The indicator was revised and updated
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Apprentice
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