Pin Bar but not

Quoting ozmacca

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Hi,

Does anyone have an indicator that will highlight and alert every bar that opens and closes within a preset % of the range of the bar ?

An example, if a bar opens at 100 rises to 116 and retraces back to 103, this bar would be Open Close within 25% from end of bar. I am looking for bars that have attempted to move but been driven back, I think of them as failure bars.

Ideally the % would be adjustable and it highlights the bar with a star then sounds an alert.

I have Pin Bar indicators but a true pin bar has other conditions and PB...

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Quoting hayseed

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hey ozmacca..... you could turn on/off the painting of the bars and change the wingding/star..... that indicator was just a quickie i wrote for your request.....

when comparing mine to scotts, it appears i might not fully understand just what a pin bar is cause they do not plot the same.....

maybe i should have looked at your indicator first, cause my math might be off.....

in any event, scotts should work fine......h

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Quoting ozmacca

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Hi SMJones,

Me again, I have attached a chart showing a white bar, it is the 7th bar in from right hand side. I would like this bar to be highlighted but it is not, you can see some other bars that are.

The white bar opened at 34.1, the high is 35.2, the low is 23.3 and the close is 34.3. I have tried the indi at 25% and 33% but it won't highlight this bar. My PB tail is set at zero, my tailbars back is 1

Any suggestions please.

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Quoting ozmacca

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Hi,

Looking good, thank you for your help, much appreciated

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int bar         = (High[i] - Low[i])/Point;
int opentohigh  = (High[i] - Open[i])/Point;
int closetohigh = (High[i] - Close[i])/Point;
int opentolow   = (Open[i]  - Low[i])/Point;
int closetolow  = (Close[i] - Low[i])/Point;
int zone        = bar*percent;   
 
 
 
      if((opentohigh < zone) && (closetohigh < zone))
       {
         ind_buffer2[i]   = Low[i];
         ind_buffer1[i]   = High[i];
         HighBuffer[i]    = High[i] + offset*Point;
       }
      if((opentolow  < zone) && (closetolow  < zone))
       {
         ind_buffer1[i]  = Low[i];
         ind_buffer2[i]  = High[i];
         LowBuffer[i]    = Low[i] - offset*Point;
 
       }

Quoting ozmacca

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Hayseed,

That's a monster

I think waiting for two pins/failures to coincide might be interesting but I can't check that visually, so I will have to leave that to you

thanks for your interest

Macca

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Quoting ozmacca

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Hi Scott,
but I was finding so many bars that failed to rise/fall after a lot of effort (vsa style) but weren't being picked up by my existing indis.

We have visitors this weekend but hopefully I can get some time to have a look at some charts.

thanks for the indi, looks good

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Quoting dongsky

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Hi guys, i'm new in here and your discussion here catch my attention; a question for all of you, why need a pinbar indicator when you can easily see it in the chart? my apologies for my ignorance, but just wondering... what make this different from hanging man or hammer candle. cheers, just wondering mate

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Quoting dongsky

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why need a pinbar indicator when you can easily see it in the chart?

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