KT Pin Bar
KT Pin Bar Indicator
MT4 | MT5
- Comments
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.
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