The indicator is based on the classic Pin Bar strategy with some modifications. It simplifies finding market entries in the early stages of a trend reversal.
The indicator shows good signals both on small and large timeframes. The MetaTrader 4 version is also present.
the signals are given on Pin Bars, which indicate a trend reversal
with the help of the filters, only the best Pin Bars are selected for the signals
does not redraw on closed bars
optimum operation algorithm, therefore the terminal does not “freeze”
Sell signals only appear above the МА ± ATR×Coeff channel, and the buy signals occur only below the МА ± ATR×Coeff channel.
Filter 1: Maximum of Bars – signal Pin Bar should be the extremum for the specified amount of bars
Filter 2: MA Period – МА period for the channel calculation
Filter 2: ATR Period – the Average True Range indicator period for the channel calculation
Filter 2: ATR Coeff – ATR value multiplier for the channel width correction
Download the trial version for free and test the indicator in your strategy tester. That way you will make sure that the indicator will actually be useful to you.
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