Hey there mason,
Just to clarify, what I meant by the word "pop" was not the name of the bar it is when one particular color stands out against another color in contrast it kind of "pops out", this is an English language slang term. When you try my tip it shows pin bars, the example you gave is on the Monthly charts and it does NOT show up on monthly charts, it shows up on daily, 4hr, 1hr, 30 minute and below. Try a lower time frame and you will see. If not interested not a problem, my post was mostly meant for newbie traders so they can easily see a few pin bars before your indicator is completed. I personally trade using price action as my main indicator too just like yourself, so I am always happy to see someone on a forum talking about about price bars. Below find a snapshot of eur/usd 4 hour chart from September using my tip. I will only post this one picture because I don't want to take up any more space in your thread. Have a great weekend. goldensight
Quote:
Originally Posted by mas0n
goldensight,
This PB has been around for a while, hammer is the name for candlestick pattern, and there is another nick name like this but I forget, but it seems the most popular one is PB, so I think we better stick with this name, unless there is a copyright issues.
About bar and candle usage, they focus on different area, you can easily see how high and low compared to other bars (zoom in and zoom out will do that), while candle focus on open and close, of course they both show the same information.
I know you already know this, so this is not directed to you, it serves as supporting information.
Regarding your tip, I did a little work and it shows all blue bars, anyway I will introduce PB detection indicator soon, based on PB statistic we already analyze.
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