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.

Some features

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.

Inputs

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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