Capture buy/sell signals with Pin Bar × RSI!! (Even beginners are okay)
Pin bar, I think everyone has heard of it at least once.
One of the most famous reversal patterns in candlestick charts, it’s a popular method among traders in Japan and the West.
However, I believe only a few people use pin bars effectively and rationally.
Many people probably don’t use them in the first place.
That’s because,
・they are not implemented as an indicator in MT4
・decisions to buy or sell depend on the movement of the most recent candle, making judgment difficult
・making trading decisions based solely on pin bars is a little scary
・moreover, the definition of a pin bar isn’t firmly established
and so on, the usage and definition are vague unlike moving averages, so rushing in could cause a serious burn.
Yes, it takes a lot of experience to master it.
However, the indicator I Neptune created defines the pin bar precisely and determines whether it is a pin bar by taking into account recent price movements.
In other words, it completely eliminates the ambiguity of “judging by look alone”!!
Pin bars display arrows, making them easy to discern at a glance.
It will be easy for beginners to use and will serve as a trading partner.
Furthermore, by combining it with RSI, another indicator that identifies the same reversal, trading becomes even more accurate!
Also, detailed parameter settings are available.
This indicator is free, so please give it a try!!
For more details about the indicator, see here (a link on the same site)
pinbarRSIWell then