What is Perfect_Pinbar?
Perfect_Pinbar is an MT4 signal tool built on three moving averages with short, mid and long periods. Signals appear infrequently.
How to use Perfect_Pinbar
Signal markers appear when a candlestick closes with a long wick and a small body while those three moving averages are lined up in a perfect order. The pin bar test is strict: the wick has to be much longer than the body before a candlestick is treated as a pin bar.
Where it helps
Assess how each marker lines up with the prevailing trend direction
Separate discretionary reading of the markers from automated handling of the same signals
MT4 Indicator Parameters
The table below lists the available MT4 indicator parameters. You can customize these options in the MetaTrader Inputs dialog to match your trading preferences.
| Parameter | Description |
|---|---|
| PO_Time_Frame | — |
| short_MA_Period | Sets one of the three moving average periods. The three periods should each be a different value. |
| Mid_MA_Period | Sets one of the three moving average periods. The three periods should each be a different value. |
| Long_MA_Period | Sets one of the three moving average periods. The three periods should each be a different value. |
The screenshot above shows the default input parameters in the MT4 settings window.
How to Install .ex4 Indicator in MetaTrader 4
- Download the ZIP file and extract it.
- In MT4, select File → Open Data Folder.
- Open MQL4 → Indicators and copy the EX4 or MQ4 file into it.
- If the package includes library files, copy them to MQL4 → Libraries. Copy TPL files to the top-level templates folder.
- Restart MT4, find the indicator in the Navigator, and drag it onto a chart.
Test the tool on a demo account first. File contents and required folders can vary between packages.
