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

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  1. 777dks • 10/23/2017 #

    hi this doesnot seem to work on forex, any ideas? thanks.

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