Double Pin Bar Bullish/Bearish

Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • 03/24/2018 at 10:53 AM #66241 quote
    Heisenburg
    Participant
    New

    Hi, Would anyone be able to help with the coding on how to screen for 2 consecutive pinbars?  I have had a look on the forum and can only see coding for one pinbar and struggling to know how to code for 2 pinbars.

    Thanks

    03/25/2018 at 8:04 PM #66384 quote
    Heisenburg
    Participant
    New

    If anyone can provide any wisdom to this you would make my day!  🙂  I’ve scanned all 20 pages in this forum as well as reading the 29 page manual on coding with the hope of finding a few snippets of code to help in my quest and I’m still none the wiser.

    03/26/2018 at 1:27 AM #66396 quote
    robertogozzi
    Moderator
    Master

    How do you want a Pin Bar to be defined?

    1. number of pips of upper shadow (or percentage on whole range), i.e. say 20 pips or 50%-70% of its range
    2. number of pips of lower shadow (or percentage on whole range), i.e. say 5 pips or 5%-30% of its range
    3. number of pips of body size (or percentage on whole range), i.e. say 10 pips or 5%-20% of its range.

    Once it’s defined it will be easy to detect as many as you want.

    03/26/2018 at 9:35 AM #66416 quote
    Nicolas
    Keymaster
    Master

    I found an old topic with a Pinbar code, made a consecutive 2 bullish or bearish pinbars detection screener:

    body = ABS(open-close)
bearishwick = ABS(high-close)
bearishnose = ABS(close-low)
bullishwick = ABS(close-low)
bullishnose = ABS(high-close)

//bearish pinbar
bearishpinbar = (body/bearishwick)<20/100 AND (body/bearishnose)>100/100 

//bullish pinbar
bullishpinbar = (body/bullishwick)<20/100 and (body/bullishnose)>100/100 

test = summation[2](bearishpinbar or bullishpinbar)=2

screener [test]

    In each case, the body of candlestick must be inferior to 20% of the wick, and larger than nose.

    robertogozzi thanked this post
    03/26/2018 at 11:05 PM #66490 quote
    Heisenburg
    Participant
    New

    Thanks Nicolas, much appreciated, is there a way of getting the two previous bars before the current one?  Just that if I run this for Daily Pinbars, it would include a forming Pinbar which might not end up being a pinbar once the candle closes.

    Cheers

    03/27/2018 at 7:59 AM #66505 quote
    Nicolas
    Keymaster
    Master

    You can try by modifying the line 13:

    test = summation[3](bearishpinbar or bullishpinbar)>=2
  • Author
    Posts
Viewing 6 posts - 1 through 6 (of 6 total)
  • You must be logged in to reply to this topic.

Double Pin Bar Bullish/Bearish


ProScreener: Market Scanners & Detection

New Reply
Author
author-avatar
Heisenburg @heisenburg Participant
Summary

This topic contains 5 replies,
has 3 voices, and was last updated by Nicolas
7 years, 11 months ago.

Topic Details
Forum: ProScreener: Market Scanners & Detection
Language: English
Started: 03/24/2018
Status: Active
Attachments: No files
Logo Logo
Loading...
Do you like cookies? 🍪 We use cookies to ensure you get the best experience on our website. (Learn more)
©2026 ProRealCode - Trading & Coding with ProRealTime™