KT Pin Bar
Pin Bar Indicator MT4 | MT5 Free Download
has been added to your cart!
have been added to your cart!
KT Pin Bar Indicator identifies the pin bar formation which is a type of price action pattern which depicts a sign of reversal or rejection of the trend. When combined with support and resistance, BRN and other significant levels, Pin Bar pattern proved to be a very strong sign of reversal.
Basically a pin bar is characterized by a small body relative to the bar length which is closed either in upper or lower 50% part of its length. They have very large wicks and small candle body.
A pin bar candlestick can be a bullish or bearish candle, but as long as its structure meets the characters of perfect pin bar , color of the candle doesn't really matter.
- Depicts significant reversal points near Support/Resistance level.
- Suitable for swing trading strategies.
- Define the candle max. and min. size in pips.
- Alerts included.
Bullish Pin Bar
Bearish Pin Bar
Points to remember while using Pin Bar Indicator
- Reversal doesn't occur on every pin bar formation. In a trending market, price often keep going in the same direction regardless of any pin bar.
- The pin bar occurs near the significant support/resistance levels, are the strongest.
- Don't treat every pin bar formation equally. The pin bar formed with the small candle body are the weakest.
- Pin Bar Depth: Define the nose to body ratio in percentage.
- Max. Range in Pips: Max. size for the pin bar.
- Min. Range in Pips: Min. size for the pin bar.
- Rest of the inputs are self-explanatory.
Help others make better choices. Please review your recent purchase.
By sharing your review, you will help others to make advised decision about what they buy from us. Thanks for contributing.
You must log in and be a buyer of this download to submit a review.