Screener Pin Bar

Screener Pin Bar

The Screener is based on the location of candles with climatic volume that have closed at the top or bottom (pin bars) indicative of patterns of trend reversal.

Screener to locate pin bar sails (in the last 3 sails) with the following characteristics:

– Significant volume.

– It has generated a maximum or minimum in 20 periods.

– The wick is at least 2 times the body of the candle.

– The opening and closing are in 1/3 of the lower half of the candle

– The range is greater than the range of the last 5 periods.

It includes a filter of capitalization and price.

Share this

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?

New! PRC is also now on YouTube, subscribe to our channel for exclusive content and tutorials

  1. luxrun • 215 days ago #

    Thanks for this screener, Juanjo. I have a request to better identify the bullish or bearish pin bar: is it possible to insert the condition that the body of the pin bar must strictly be included in the range of the previous candle? This last condition can facilitate trading and show an optimal graphic situation.

    • Juanjo • 213 days ago #

      Pues creo que si se podría incluir dicha condición, no obstante, ten en cuenta que el cribador ya de por si da pocos resultados debido a las condiciones establecidas, y la condición que propones seria fácilmente identificable visualmente después de pasar el screener. Por otro lado, patrones de velas de reversión, como el hombre colgado, o el bebe abandonado, no lo identificaríamos al ser velas cuyo rango está fuera del rango de la vela anterior.

    • Juanjo • 213 days ago #

      No se entiende nada. Concretando, que si se podría poner la condición, pero no veo interesante incluirla.

  2. Pablo Carmona del Moral • 206 days ago #

    hola juanjo, muchas gracias por este screener que nos has compartido. creo que lo voy a utilizar en una estrategia.

  3. Pablo Carmona del Moral • 206 days ago #

    para el volumen he cambiado:
    // Volumen significativo
    donde el 2 indico el doble
    lo he puesto como un indicador en el dax y se me quedaban las señales puestas, no me devolvian nunca un “0” he cambiado los 2 ultimos if’s por esto, simplemente para el funcionamiento del indicador me diera un 0 en caso de que el pin bar ya no fuera ejecutable.

    if pbbc=1 or pbac=1 then
    If PBBc then
    If PBAc then
    return criterio as “PB”

    de todas maneras este code como screener tengo muchas ganas de probarlo como estrategia ya que debe funcionar a las mil maravillas…. Gracias y muy buena faena.

  4. Juanjo • 204 days ago #

    Muchas Gracias Pablo, …Tengo varios screener, uno lo tengo adaptado para operar intradía, porque me parece una de las señales mas fiables. La utilización de volumen significativo de 2 veces el volumen medio, es un buen criterio, puesto que aunque el screener no lo tenga, personalmente tengo configurado el volumen para que me marque dicho criterio. Screener para mercado cerrado.
    – JJP-PinBar V.1 – marca Pin Bar con volumen significativo que sean máximos / minimos en periodo de 20, y rango superior a la media
    – JJP-PinBar V.2 – busca pin bar con volumen significativo que sean máximos / minimos en periodo de 5 y rango superior a la media.
    – JJP-PinBar V.3 – busca pin bar con volumen significativo que sean máximos / minimos en periodo de 5, pero su rango total no es superior a la media.

    Screener para intradías.
    – JJP- PinBar (intradía) – Localiza pin bar que sean máximos/minimos en periodos de 5 dias de forma previa a la vela en formación.
    Indicador Pin Bar.
    – JJP-I.Pinbar – colorea las pin bar de max/minimos de 5 dias de color blanco o negro.

Register or


avatar avatar avatar avatar avatar avatar avatar avatar
Related users ' posts
Alai-n @Vonasi Thanks
jiddan78 how to convert to afl amibroker ?
Nicolas We do not supply free coding assistance for AFL Amibroker on the website. You can ask for pa...
nfulcher How do I make these appear on the Price Chart rather than on its own indicator chart? Thanks.
nfulcher Just found this on another post.
Stallios It would be interesting if you can choose which candlestick patterns you want to display on ...
Nicolas No. The code delivered on our website is for ProRealTime trading platform: https://www.pror...
growland1au Hi Nicolas, I am a beginner to this and I think your Pivot reversal strategy alerts indicat...
Nicolas I can't remember, if you can't find it anywhere in forums, open a new topic if you want it t...
Juanjo Eres Grande¡¡¡...muchas Gracias.
Juanjo Hola Me parece muy interesante lo que has hecho, yo estoy queria hacer una estadistica simi...
Vonasi I can't help in Spanish! Maybe it is better to start a topic in the forums with your questions.
Jesper Great share!
osupero Buenisimo Sr Nicolas, seria posible que sólo marcara por encima o por debajo de una media mo...
capgros Bonjour @Nicolas, Thanks a lot for this tool, it is very useful for me. I would like to s...
rollem Thank you!
Michael1973 Great! This is exactly what I was looging for. However, it does not work. I get an error mes...
pableitor The timeframeminutes variable is an external variable to define the higher TF bars . If yo...
ckat55 Thank you Nicolas, is there any way that an alert can be set for when the dot appears?
Nicolas yes, change the last line with: RETURN wrb,qh and set an alarm with the alert tool for ea...
ckat55 Thank you Nicolas, I will try it.
Nicolas Please open a new topic if you need custom coding.
Rory Dryden I like the look of this. I shall try it tomorrow.
cervantes2 Buenas tardes,me gustaria saber si tiene un proscreener de este indicador ,que busque los va...
Nicolas Hi, please send it to contact[at] . Many thanks.
JohnScher @nicolas done, in this moment
JohnScher After a small error crept in, a correct itf.file has been uploaded.
Geronima Ortiz I watched the video three times, but I can not put the npips parameter as a variable. I do...
Geronima Ortiz I think the video is for an old version of prorealtime, the images do not correspond at all ...
Nicolas indicator1 = CALL “PRC_StopReversal”[npips, 1] and define npips in the optimization window ...
GraHal Wow! Thank you Vonasi, great idea!
Vonasi No Problem GraHal. Please share anything interesting that you find using it.
Vonasi I've made a small improvement by adding a Buy and Hold line for comparison. This line can be...
Vonasi Thanks for your thanks Real Pro and yes everyone should import the itf file to make sure tha...
Pepsmile Good job, which could be applied for a spectrum of another indicators.
Pepsmile As to better understand which parameters are better for an indicators in a specific period (...
FULVIO09 Attualmente non c'è sufficiente volatilità : la condizione "C0 = AverageTrueRange[1500](Clos...
vlongobardo67 Ma io intendevo in backtest ! Scusa non l’ho menzionato.
ciniselloftse salve fulvio .il trading sistem e sempre profittevole?
Bard Hi Violet, Thanks so much for making this screener. Bulkowski's work is thorough. I though...
baaz Thanks for this simple code. How would you readjust it to only show reversals? Chesler ad...
Gianco Violet, congratulations, I checked your code in different time frames, and in many situation...