Double Pin Bar Bullish/Bearish

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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

Legend
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

Legend
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

Legend
You can try by modifying the line 13:
```
test = summation[3](bearishpinbar or bullishpinbar)>=2
```
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