price action indicator (PAIN) ie pin bar detector | Forex Factory

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price action indicator (PAIN) ie pin bar detector

  • #1
  • First Post: Jan 25, 2009 5:03pm Jan 25, 2009 5:03pm
I've used this indicator for a while now. It's a good indicator to spot pin bar reversals. But I would like to ask anyone's help to modify it slightly.

right now I have it where it is averaging the PAIN values over user input period.

But i would like it to take the max High, the min Low, Open beginning period, and Close at current market price reading and calculate the PAIN value with those readings:
over the user input period

thank you for your help!
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File Type: mq4 PAIN.mq4   1 KB | 4,579 downloads
  • #2
  • Jan 25, 2009 6:02pm Jan 25, 2009 6:02pm
Quoting hilmy83
I've used this indicator for a while now. It's a good indicator to spot pin bar reversals. But I would like to ask anyone's help to modify it slightly.

right now I have it where it is averaging the PAIN values over user input period.

But i would like it to take the max High, the min Low, Open beginning period, and Close at current market price reading and calculate the PAIN value with those readings:
over the user input period

thank you for your help!
Just to clarify, are you talking about for the current bar? Or the bar previous, or what?
  • #3
  • Jan 25, 2009 6:55pm Jan 25, 2009 6:55pm
Quoting Skyhook
Just to clarify, are you talking about for the current bar? Or the bar previous, or what?
the max High and Low are from over period input by user

the Open is the open from the earliest bar in that period

the Close is the close of the current bar

hope that helps
  • #4
  • Jan 25, 2009 7:04pm Jan 25, 2009 7:04pm
Quoting hilmy83
the max High and Low are from over period input by user

the Open is the open from the earliest bar in that period

the Close is the close of the current bar

hope that helps
I'll take a look and see if I can get something to work for you.
  • #5
  • Jan 25, 2009 7:56pm Jan 25, 2009 7:56pm
Quoting Skyhook
I'll take a look and see if I can get something to work for you.
thank you much
  • #6
  • Jan 27, 2009 1:55pm Jan 27, 2009 1:55pm
Thanks!
  • #7
  • Last Post: Jan 28, 2009 4:07pm Jan 28, 2009 4:07pm
bump

anyone would like to get a crack on this request?
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