Let’s be real—most reversal indicators out there are either too noisy, repaint like crazy, or lag so badly they miss the trade entirely. That’s where the Pure Pinbar Signal Indicator for MT4 comes in clutch.
This tool is built specifically for pinbar lovers—traders who trust clean candlestick formations and price action over noisy indicators. Whether you’re a beginner learning price action or a seasoned trader tired of lag, this one’s got your back.
Simple logic. Fast alerts. No repaint. Pure pinbar entries.
What is the Pure Pinbar Signal Indicator?
At its core, this is a price action-based indicator designed to detect high-probability reversal signals using pinbar candlestick formations on MetaTrader 4 charts. It scans for ideal pinbar setups that appear after strong trends or at key support/resistance zones.
It doesn’t just look at candle shapes though—it also filters out weak signals using:
- Candle size-to-body ratio
- Wick dominance
- Trend direction filters (optional)
- Multi-timeframe support
Key Features of Pure Pinbar Signal Indicator MT4
- No Repaint Guarantee – The signal appears after candle close and stays fixed.
- Crisp Visual Arrows – Buy/sell arrows right on chart with sound/email alerts.
- Pinbar Filter Algorithm – Filters for large wicks and small candle bodies.
- Multi-Timeframe Capable – Spot signals from M5 to D1.
- Custom Sensitivity Settings – Tweak wick ratio, body size, trend logic.
- Support & Resistance Integration – Combine with key levels for even stronger trades.
- Lightweight Design – Doesn’t slow your MT4 down or conflict with other indicators.
- Works On All Pairs – Forex majors, gold (XAUUSD), indices—it all works.
- Simple to Use – Drag, drop, and watch for arrows. No complex tuning required.
How Does It Work?
- Candle Detection: The indicator identifies candles with long wicks and small bodies—textbook pinbars.
- Location Filter: It looks for these candles after a trend or near important price zones.
- Confirmation Rules: Optionally, it confirms the pinbar’s direction with moving average trend filters or candle close logic.
- Alert & Signal: A BUY or SELL arrow appears after the candle closes, along with a pop-up, sound, or email notification.
Best Trading Strategies With This Indicator
There are a few solid ways to trade the signals:
- Wait for a pinbar in the direction of the overall trend—like a bullish pinbar on a rising pair. Works especially well after minor pullbacks.
- Combine this with a strong support or resistance zone. Pinbar at resistance? Short it. Pinbar at support? Go long.
- Use a trend indicator (like a 50 EMA) alongside the pinbar. If both align—it’s go time.
- Spot pinbars on higher timeframes (like H4) and enter on lower timeframes (like M15) with tighter stop loss.
Recommended Settings & Tips
- Timeframe: M15 to H4 preferred
- Pairs: EURUSD, GBPUSD, USDJPY, XAUUSD
- Stop Loss: A few pips beyond the pinbar wick
- Take Profit: Use fixed risk-reward or target recent highs/lows
- ???? Pro Tip: Avoid using during major news hours. Pinbars tend to form erratically during volatility spikes.
How to Install Pure Pinbar Signal Indicator
- Download the
.ex4file from your provider - Open MetaTrader 4
- Go to File > Open Data Folder > MQL4 > Indicators
- Paste the file inside the folder
- Restart MT4 and drag the indicator onto your preferred chart
Conclusion – Is It Worth Using?
If you rely on price action and are tired of repainting indicators, the Pure Pinbar Signal Indicator MT4 is a game-changer. It respects candle logic, doesn’t clutter your chart, and provides timely alerts.
Pinbars are one of the most trusted reversal signals in forex—used by pros and taught in every major trading course. This indicator just makes finding them automatic and effortless.
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???? Available now on YoForex EA Tools
???? Zero lag. No repaint. Fast pinbar signals.
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