How to detect pinbar candles (reversal) before candle closure
Apr 27 at 20:55
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1 Replies
Medlem sedan May 27, 2016
1 inlägg
Apr 27 at 20:55
Using price action strategy that I'm focusing on, the problem is that I enter always too late.
Strategy works well when there is a rejection but I need to understand before candle closure if that will be a rejection candle (pinbar) or not.
There is an indicator for tradingview or something else to understand this situation ?
Thank you very much
Strategy works well when there is a rejection but I need to understand before candle closure if that will be a rejection candle (pinbar) or not.
There is an indicator for tradingview or something else to understand this situation ?
Thank you very much
Medlem sedan May 08, 2024
3 inlägg
May 11 at 13:31
Check 5 seconds before closure of the candle to see if there is a high probability that it matches the profile a pin bar. For example, if a M15 candle looks like a pin bar 5 seconds before the bar closes, then take your trading action at the Open of the new next bar.
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