OPEN-SOURCE SCRIPT
Updated Pinbar Detector
Pinbar Detector is original from Naked Candlestick Trading Method
Pinbar Definition: A candlestick where the dominant shadow exceeds 2/3 of the entire candle length
Key Features:
Pinbar Definition: A candlestick where the dominant shadow exceeds 2/3 of the entire candle length
Key Features:
- Bearish Pinbar: Red downward triangle when upper shadow exceeds 2/3 of total candle length
- Bullish Pinbar: Green upward triangle when lower shadow exceeds 2/3 of total candle length
- Background highlighting for easy identification
- Alert conditions for both bullish and bearish pinbars
- Original candlestick display preserved
Release Notes
Pinbar Detector is original from Naked Candlestick Trading MethodPinbar Definition: A candlestick where the dominant shadow exceeds 2/3 of the entire candle length
Key Features:
- Bearish Pinbar: Red downward triangle when upper shadow exceeds 2/3 of total candle length
- Bullish Pinbar: Green upward triangle when lower shadow exceeds 2/3 of total candle length
- Background highlighting for easy identification
- Alert conditions for both bullish and bearish pinbars
- Original candlestick display preserved
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.