Pin Bar Detector – Indicator Description

The Pin Bar Detector identifies bullish and bearish pin bars, which are strong reversal candlestick patterns often used in price action trading.

How It Works

1️⃣ Detects Small Body Candles

• The candle's body must be ≤ 25% of the total range (customizable).

2️⃣ Measures Wick Lengths

• Bullish Pin Bar (Hammer):
• • Small body near the top of the range.
  • Long lower wick (≥ 60%) of the candle’s total length.
• Bearish Pin Bar (Shooting Star):
• • Small body near the bottom of the range.
  • Long upper wick (≥ 60%) of the candle’s total length.

3️⃣ Plots Buy/Sell Signals

• Green dot below a bullish pin bar.
• Red dot above a bearish pin bar.

Key Features

✅ Detects bullish and bearish reversals with customizable parameters.
✅ Works on any timeframe and market (Forex, Stocks, Crypto).
✅ Helps traders spot high-probability reversals at key support & resistance levels.

📌 Best Use: Combine with trend analysis, support/resistance, and volume for better confirmation! 🚀