What is mikko_pinbar Indicator?
Mikko Pinbar for MT4 scans candle shape and wick-to-body relationships to highlight bullish and bearish pin bars. The marked candles remain on the price chart, making the pattern locations easy to review with surrounding structure.
The tf setting selects the timeframe used for the analysis, including the current chart timeframe or a specified period. The indicator is a simple visual marker and does not alter the underlying price data.
How to Use It in Practice
Mikko Pinbar highlights its strict pin-bar detections in dark red and green, and can plot the detections from a different timeframe on the active chart.
- Identify the dark-red and green highlighted candles; visually similar candles can remain unmarked because the indicator uses a strict pin-bar test.
- Enter tf in minutes for the source timeframe: 15 for M15 or 60 for H1, for example.
- Compare the higher-timeframe highlights with the relevant candles on the active chart rather than expecting every apparent pin bar to be marked.
Pin bar candles are marked directly on the chart, bullish and bearish patterns are visually separated, and the analysis timeframe is configurable.
MT4 Indicator Parameters
The screenshot above shows the default input parameters in the MT4 settings window.
| Parameter | Description |
|---|---|
| tf | Sets the timeframe for the indicator’s analysis. Use 0 for the current chart timeframe or enter a specific one like 60 for H1, 240 for H4, etc. |
