RBD Advanced Pinbar

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Inputs / Settings
Detection parameters

• lookback_period → How far back to compare wick sizes.
  
• min_wick_ratio → Minimum wick length as % of total candle height.
  
• max_body_ratio → Maximum body size as % of total candle height.
  
• atr_multiplier → Ensures the pinbar candle’s total height is at least a multiple of the ATR (filters out small candles).
  
• wick_size_multiplier → The wick must be at least X times larger than the biggest wick in recent candles.
  

Visual options
Toggle display of hammer / shooting star markers, labels, background highlights, and info table.
Customize colors and label size.

For each candle:

1. Calculates upper wick, lower wick, and body size in both absolute and percentage terms.
   
2. Checks if the total candle size is “large enough” using ATR.
   
3. Looks back lookback_period bars to find the largest historical upper and lower wick.
   
4. Compares current wick size to the past max wick (must exceed it by wick_size_multiplier).
   
5. Classifies the candle:
   

Hammer Pinbar (Bullish) if

1. Lower wick ≥ min_wick_ratio
   
2. Body ≤ max_body_ratio
   
3. Candle is big enough (ATR filter)
   
4. Lower wick is significantly longer than past wicks
   

Shooting Star (Bearish) if

1. Upper wick ≥ min_wick_ratio
   
2. Body ≤ max_body_ratio
   
3. Candle is big enough
   
4. Upper wick is significantly longer than past wicks
   

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Notas de prensa

To use on Key levels, E.g. Moving average, Support/Resistance

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Notas de prensa

Update Chart Settings