Pinbar Detector - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources
The Pinbar Detector tries to identify Pinbars and marks them with a "smiley face" below the bullish numbers and above the bearish numbers. This indicator uses only price levels in its calculations, without any standard technical indicators. The configuration determined by the pin bar can be changed by entering parameters. The Pinbar Detector can generate notifications about detected pin bars both within the platform and via email.
Attachment download
📎 pinbardetector.mq4 (10.31 KB)
Source: MQL5 #13158
Pinbar Detector - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Pinbar Detector - MetaTrader 4 Script | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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