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TH Pin Bar Identifier

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Trend Analysis Candlestick Analysis Pin Bar pinbarsetup
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trendanalysis candlestick pinbar pinbarsetup
This indicator marks both bullish and bearish Pin Bars. It helps you see potential turning points on the chart.

You can set the following on this indicator:

  • Length of lookback: The number of candles to compare the Pin Bar candle to. For a bearish Pin Bar, is this the highest high over the last X number of candles? For a bullish Pin Bar, is this the lowest low over the last X number of candles? The default is 2.
  • Percentage of wick: How big should the wick be, compared to the total candlestick body? The default is 66%.
  • You can change the symbol that's use to mark the Pin Bars.

By using this indicator, you accept full responsibility for any trades taken with this indicator. This indicator does not provide trading advice of any kind.
Protected script
This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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