Double Pin Bar Bullish/Bearish

• 03/24/2018 at 10:53 AM #66241
  Heisenburg

  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

  

  Heisenburg

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

  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.

  

  Heisenburg

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

  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.

  

  robertogozzi

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

  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]

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

  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.

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  robertogozzi

  

  Nicolas

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  03/26/2018 at 11:05 PM #66490
  Heisenburg

  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

   

  

  Heisenburg

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

  You can try by modifying the line 13:

  test = summation[3](bearishpinbar or bullishpinbar)>=2

  1	test = summation[3](bearishpinbar or bullishpinbar)>=2

   

  

  Nicolas

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