Originaly posted by Bogdan G.
A medium level trader can find some value in this indicator by using it as a confirmation tool if he or she isn’t sure about whether a candle is a Pin bar or not. Not all pin bars look the same and extra confirmation is always welcomed so if the medium level trader thinks he or she found a Pin bar, and the indicator agrees, chances are higher for that candle to be a Pin bar. The indicator has some settings that might make it more accurate and the guys at earnforex.com actually recommend us to adjust them. That’s a good thing but they are too complicated and instead of figuring out those settings, it would be better to take the time to learn how to visually identify a Pin bar.