UPD1 Pin Bar Dashboard

The UPD1 Pin Bar Dashboard is an advanced Forex trading tool designed to offer traders a comprehensive market analysis. This Forex Indicator is an ideal choice for those looking to implement currency trading strategies effectively. The tool’s design focuses on displaying the Pin Bar candlestick pattern, a popular price action pattern in the Forex market.

Features of UPD1 Pin Bar Dashboard

The UPD1 Pin Bar Dashboard allows easy adjustment of the ratio of shadow, body, and size through its coefficient settings. It provides a multi-currency dashboard that facilitates easy switching between charts. Traders can apply trading patterns such as retest by trend, false breakout, and more. This Forex Indicator is suitable for trading pairs like EURUSD, GBPUSD, XAUUSD, and works best on M15, M30, H1 time frames.

Input Parameters

UPD1 Pin Bar Dashboard offers a variety of input parameters for customization. The ‘Main Bars Count’ allows users to select the number of history bars the indicator will work on. The ‘Min Candles Shadows / Body Ratio’ enables users to set the minimum ratio of the shadow to the body of the candle. Additionally, the ‘Min Shadows UP/DN Ratio’ allows traders to set the minimum ratio of shadows from different sides of the candle.

Other parameters include ‘Calc HL Candles’ to determine the average candle size, and ‘Min PinBar HL Ratio’ to set the minimum ratio of the pinbar value to the average value of the specified candles.

Filtering Options

The UPD1 Pin Bar Dashboard includes several filtering options. ‘Filter 1 Back Candle’ filters by the previous candle, while ‘Filter 2 Trend And Reverse’ enables the user to apply a trend filter, reverse filter, or both. The ‘Filter 3 Bollinger Bands’ acts as a final filter, filtering out all previous settings. These options allow traders to tailor the tool to their specific Forex trading strategies.

Trend Filter Settings

The dashboard also includes trend filter settings based on two moving averages. The ‘2 MA On Chart’ feature displays moving averages, and the ‘Period MA1’ lets users select the period of the first moving average. These settings allow traders to identify the Pin Bars selected and why.

Independent Testing and Updates

For those interested in the UPD1 Pin Bar Dashboard, independent testing results are available at forexroboteasy.com. Additionally, users can subscribe to updates on the testing results of this product. This feature provides an excellent opportunity for potential users to understand the tool’s efficacy before making a purchase.

Share Your Experience

We invite you to share your experience using the UPD1 Pin Bar Dashboard. Your feedback will provide valuable insights for other users considering this tool for their Forex market analyses.

FAQ

What is the UPD1 Pin Bar Dashboard?

The UPD1 Pin Bar Dashboard is an optimized Forex Indicator designed to display the Pin Bar candlestick pattern, allowing traders to make informed decisions based on trend filtering.

What are some of the key features of UPD1 Pin Bar Dashboard?

Key features include customizable input parameters, multiple filtering options, trend filter settings, and a multi-currency dashboard for easy switching between charts.

Where can I see independent testing of the UPD1 Pin Bar Dashboard?

You can view independent testing of the UPD1 Pin Bar Dashboard on the website forexroboteasy.com. You can also subscribe to updates on the testing results of this product.

This article is an independent product review and does not endorse or recommend any products. All information is provided for educational purposes only.