Quote:
Originally Posted by droesparky
I havent read to much on pinbars, but seem to remember someone saying the open and close of the pinbar had to be inside the open and close of the previous bar. Is that right?
dosnt seem to be what your pics show.
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You mean inside previous bar high/low? That is true, but we have different feeds from brokers, we need to have tolerance for those PBs, let's say for D1, brokers have different server time, so it produce different bars, but they should looked alike but not necessarily below the eye (previous bar high/low).
But a perfect PB should do that, and we need more than that fact to categorize a bar as PB.
Here is another example, again these are the successful ones.