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.

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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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  1. luxrun • 02/09/2019 #

    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 • 02/09/2019 #

      Hola.
      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 • 02/09/2019 #

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

  2. Pablo Carmona del Moral • 02/09/2019 #

    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 • 02/09/2019 #

    para el volumen he cambiado:
    // Volumen significativo
    VS=volume>2*(average[10](volume[1]))
    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
    Criterio=-1
    Endif
    If PBAc then
    Criterio=1
    Endif
    else
    criterio=0
    endif
    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 • 02/09/2019 #

    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.

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