Advanced Bullish/Bearish Pinbar Screener

Advanced Bullish/Bearish Pinbar Screener

The screener returns either a positive (for Bullish Pinbar) or negative (for Bearish Pinbar) value.

The value returned is based upon the number of bounces from the Lowest Close (for Bullish Pinbar) or the number of bounces from the Highest Close (for Bearish Pinbar).

The whole algorithm is based upon a look back period of 30.

There is also a parameter called t which says how far back to look for the pinbar (Default Value = 0 meaning only results where a pinar just formed is displayed).

Also, to increase the probability of success only bullish pinbars above the 200MA and bearish pinbars below the 200MA will be returned.

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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

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