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- Published:
- 2015.12.10 13:27
- Updated:
- 2016.11.22 07:32
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The indicator marks the pin bars on the chart based on the parameters set, such as:
- the maximum size;
- the minimum size;
- the "depth" of a pin bar (opening and closing price zone in percentage of the size);
- mark only on daily extremums.
The indicator settings window
The chart's display at "Only extremum = false"
The chart's display at "Only extremum = true"
Hints:
- As the pin bar is a "Price Action" pattern, it is recommended to use a timeframe no lower than H1.
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/13703
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The Expert Advisor is based on the Williams Percent Range indicator. It sells in the overbought zone and buys in the oversold zone. Trailing Stop and operation timer are attached to it.
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The Moving Average indicator values are used for trading.
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Elementary trailing stop able to distinguish its "own" orders among others by comment and/or Magic number. It also distinguishes the financial instrument that needs to be trailed.
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The Expert Advisor watches the market orders and generates a sound signal after a predefined time from the moment of order opening.