Pin-bar indicator

The attached indicator that detects and pinpoints in our chart “pin-bar”-type price action formation (Pinocchio).

It shows upwards and downwards pin-bars. It has a built-in sound alarm, which lets us know when the formation appears on the chart. It works with different time intervals. Here is an example of the pin-bar’s denotation:


An alarm example:

The indicator does not work perfectly, so it is useful to thoroughly analyze the chart on your own to make sure that no interesting pin-bars have been omitted.

It should be said that the indicator itself is not a sufficient signal and we should also take into consideration other indicators, as well as the market’s condition. We recommend choosing pin-bars with a sufficiently large wick which leans on SR lines (support and resistance) and analyzing the trends. An additional ZigZag-type indicator proves helpful; we recommend the version featured here. This indicator searches for highs and lows by showing support and resistance levels. When the indicator leans on Fibonacci’s levels at the same time, the probability of success is higher.

Download Pin-Bar_indicator

Leave a Reply

2015 WatchBinaryOptions

Please note that binary options trading is a high­risk activity. Information on does not constitute an offer, nor should it be considered as recommendation or request to buy or sell. Information on should only be considered as opinions of private persons and companies cooperating with the service.

Although does its best to make sure that all the information is complete and accurate, it cannot be guaranteed. Therefore, the service cannot be held culpable for any and all losses, including losses directly or indirectly connected to using or relying on the information found on the website. has been created by a private person. It is also managed and administered by a private person. is not a company website. If you have any additional questions please do not hesitate to contact me via the contact form.