PROTECTED SOURCE SCRIPT
Pin Bar Reversal - Black GUI
The Pin Bar Reversal strategy is designed to identify and trade price rejection signals that occur at key support and resistance levels, which are often indicative of potential market reversals. This strategy detects bullish pin bars (candles with long lower shadows and small bodies at the top of the range) as buy signals, and bearish pin bars (candles with long upper shadows and small bodies at the bottom of the range) as sell signals.
The script calculates the body, range, tail, and head of each candle to determine if it meets the strict criteria for a pin bar. When a valid pin bar is found, the script plots a label on the chart for clear visualization. Entry signals are generated when the pin bar aligns with the expected price action (bullish pin bar closes higher than it opens, bearish pin bar closes lower). The strategy also includes logic to exit trades if the price moves against the pin bar's high or low, and plots exit labels for transparency.
The GUI uses a black-themed color scheme for enhanced visibility. This approach is particularly useful for traders who focus on price action and want to capture reversals at significant market levels.
Always thoroughly backtest this strategy before using it in live trading.
For more strategies and inspiration, visit:
The script calculates the body, range, tail, and head of each candle to determine if it meets the strict criteria for a pin bar. When a valid pin bar is found, the script plots a label on the chart for clear visualization. Entry signals are generated when the pin bar aligns with the expected price action (bullish pin bar closes higher than it opens, bearish pin bar closes lower). The strategy also includes logic to exit trades if the price moves against the pin bar's high or low, and plots exit labels for transparency.
The GUI uses a black-themed color scheme for enhanced visibility. This approach is particularly useful for traders who focus on price action and want to capture reversals at significant market levels.
Always thoroughly backtest this strategy before using it in live trading.
For more strategies and inspiration, visit:
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.