Forex Pinbar Detector Indicator
Forex Pinbar Detector Indicator is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around candlestick patterns. It draws arrows on the chart, can send alerts and marks candlestick patterns. It has 13 settings, for example Use Alerts (default true), Use Email Alerts (default false) and Use Custom Settings (default false). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 1 indicator file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Forex Pinbar Detector Indicator
Forex Pinbar Detector Indicator is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and marks candlestick patterns. It has 13 settings, such as Use alerts, Use email alerts and Use custom settings. MQL source code included.
Files in the download: installation manual.txt, pinbardetector.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Use alerts | true | Turn this alert on or off |
| Use email alerts | false | Don't forget to configure SMTP parameters in Tools->Options->Emails |
| Use custom settings | false | true = use below parameters |
| Custom max nose body size | 0.33 | Max. Body / Candle length ratio of the Nose Bar |
| Custom nose body position | 0.4 | Body position in Nose Bar (e.g. top/bottom 40%) |
| Custom left eye opposite direction | true | true = Direction of Left Eye Bar should be opposite to pattern (bearish bar for bullish Pinbar patte |
| Custom nose same direction | false | true = Direction of Nose Bar should be the same as of pattern (bullish bar for bullish Pinbar patter |
| Custom nose body inside left eye body | false | true = Nose Body should be contained inside Left Eye Body |
| Custom left eye min body size | 0.1 | Min. Body / Candle length ratio of the Left Eye Bar |
| Custom nose protruding | 0.5 | Minmum protrusion of Nose Bar compared to Nose Bar length |
| Custom nose body to left eye body | 1 | Maximum relative size of the Nose Bar Body to Left Eye Bar Body |
| Custom nose length to left eye length | 0 | Minimum relative size of the Nose Bar Length to Left Eye Bar Length |
| Custom left eye depth | 0.1 | Minimum relative depth of the Left Eye to its length; depth is difference with Nose's back |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Candlestick Patterns · Buy/Sell Arrows · Alerts · MT4 Indicator · MQL4 Source Code