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5 (5) Indicators Major function: "Pin Bars" is intended to quickly detect pin bars on fiscal market charts. A pin bar is actually a candle which has a characteristic human body and a protracted tail, which might sign a craze reversal or correction.
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How it works: The indicator analyzes Each individual candle around the chart, determining the dimensions of the human body, tail and nose in the candle. Any time a pin bar equivalent to predefined parameters is detected, the indicator marks it on the chart with an up or down arrow, according to the path of
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