Easy-to-use pin bar index for MetaTrader 5.
The current settings position the pin bar as follows:
- Min. nose ratio: 60
- Max. ratio of candle body: 40
Both parameters are configurable.
A bearish pin bar is marked with a red diamond, a bullish one-with a green one (just after the candle closes). The indicator functions on all timeframes.
The screenshots show two timeframes and unique settings.