Pin Bar Detector

• 05/31/2016 at 7:51 PM #8550
  MG8418

  Hi,

  I have an indicator for pin bars, but I am having difficulty in the pro screener to only show the pin bars that have completed (previous candle), as the indicator will show pin bars as the current candle is forming. I would like the screener to only show completed pin bars after the price has closed to reduce the false signals.

  Can this be done?

  Thanks

  Derek

   

   

   

  

  MG8418

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  06/01/2016 at 8:34 AM #8562
  Nicolas

  So if your pinbar trigger is included in a variable, just screen this variable with a lookback period of “1”. That way, you make sure that the pinbar trigger was true at the end of the last bar.

  Example: (variable “mypinbar”)

  SCREENER [mypinbar[1]>0]

  1	SCREENER [mypinbar[1]>0]

   

  

  Nicolas

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