Pin Bar Highlighter Only

Absolutely — here’s a full **description and breakdown** of what the script does:

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## 📜 Script Name:

**"Pin Bar Highlighter Only"**

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## 🎯 Purpose:

This script **detects and highlights classic pin bar reversal candles** directly on the chart — without plotting any entry, stop loss, or take profit levels.

It’s designed for traders who:

* Want to manually assess trades
* Prefer a clean chart
* Use pin bar price action as a signal for potential reversals

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## ✅ What It Does:

* **Scans each candle** to check if it qualifies as a **bullish** or **bearish pin bar**
* If valid:

* Plots a **green triangle below** bullish pin bars
* Plots a **red triangle above** bearish pin bars
* Keeps your chart **minimal and uncluttered**

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## 📌 How It Detects a Pin Bar:

### 🔹 1. Candle Structure:

* Measures the total candle range: `high - low`
* Calculates the **body size**: `abs(close - open)`
* Calculates the **upper and lower wick sizes**

### 🔹 2. Pin Bar Criteria:

* The **wick (nose)** must be at least **2/3 of the total candle length**
* The **body** must be small — **≤ 1/3** of the total range
* The **body** must be located at **one end** of the candle
* The wick must **pierce the high/low** of the previous candle

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## 📍 Bullish Pin Bar Requirements:

* Close > Open (green candle)
* Lower wick ≥ 66% of candle range
* Body ≤ 33% of range
* Candle **makes a new low** (current low < previous low)

### 📍 Bearish Pin Bar Requirements:

* Close < Open (red candle)
* Upper wick ≥ 66% of candle range
* Body ≤ 33% of range
* Candle **makes a new high** (current high > previous high)

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## 🖼️ Visual Output:

* 🔻 Red triangle **above** bearish pin bars
* 🔺 Green triangle **below** bullish pin bars

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## 🛠️ Example Use Cases:

* Identify **reversal points** at support/resistance
* Confirm signals with **VWAP**, supply/demand zones, or AVWAP (manually plotted)
* Use in **conjunction with other strategies** — without clutter

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