Nothing wrong with an indicator finding all the pins, even the stupid ones we glance over as not important. That should be the beauty of an EA, someone could combine it with other indicators to filter out some pins. Have an ATR indicator to filter out those crazy small pins that are more like an indicision in the market, not a real pin. Have conditions, like, 100ma over 200ma by minimum 7 pips for long on 15min chart. Only alert to pin that forms on correct side of MA's and the correct way, not upside down. Also make the EA alert when the pin forms and touches the 20ma and 50ma for confluence.. You get the idea. You could really filter out a massive amount of crap pins and trades and just stick to the best ones with a good EA.
First thing I'd do is stop thinking of the pin as a typical pin, just make it a long wick candle indicator that alerts if a candle has a wick longer than say 35% of the total length. From there someone could build on it.
First thing I'd do is stop thinking of the pin as a typical pin, just make it a long wick candle indicator that alerts if a candle has a wick longer than say 35% of the total length. From there someone could build on it.
"Even if you fall down face first, you still went forward."