Hi can you please let me know what settings to use when setting up tradingview alert. I want to be alerted when bullish or bearish pin bar appears. Thanks in advance.
iamtailormademoney
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Hi when do the indicator pin bars appear?
Knowledge1976
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Hi whats the best time frame this indicator works in please . thanks SS
Grimes101
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How to use this indicator,you wait for the 1D to close in either bearish or bullish pinbar ,then when the next candle still opens,you will calculate the open of the candle” Let’s say you are trading Eurcad a bullish pinbar indicates a signal on the Daily timeframe,you will then wait for the next candle to open to calculate it when next candle opens at take for instance 1.43598 you will now subtract 1.43598-0.002 & it gives you is 1.43398 (SL) then u set long trade position and wait for price to get to that (SL) point first,when you see price hits it,then go to 1hr to find a bullish pin bar,when you get the confirmation on the 1hr you enter your original entry with instant Buy!! Make sure SL is - 0.007 and tp should be +0.003 ,You can do the same for Bearish pinbar ,but to calculate (Sl) for bearish you will 1.43958 + 0.002 then if price hits the SL first you now go to the 1hr timeframe to look for Bearish pinbar and that’s your confirmation entry!! Make sure sl set to be 700pips and tp 300pips
Enjoy Profit Goodluck
culturalPie6391
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@Grimes101, is this strategy profitable? can you tell the winrate ?
erfrerd
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Hi, can you shorten the names to BEP and BUP, the long names are clouding the view?
erfrerd
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@erfrerd, sometimes it shows bearish pin bar in the middle of a big bull rally and vice versa with bullish pin bar, can the script be more accurate?
erfrerd
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@erfrerd, actually just a B is enough because one easily distinguishes them via color, i made a custom script too see that.
Coolkelvin
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is there a similar indicator for Ninja trader 8?
jvnreddy24
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Bullish pin bar letters r very lite... unable to see properly...can u please change to dark green colour?