How to use MT5/MT4
The entities below are duly authorised to operate under the Titan FX brand and trademarks. Titan FX Limited (reg. No. 40313) regulated by the Vanuatu Financial Services Commission with its registered office at 1st Floor Govant Building, 1276 Kumul Highway, Port Vila, Republic of Vanuatu. Goliath Trading Limited (licence no. SD138) regulated by the Financial Services Authority of Seychelles with its registered address at IMAD Complex, Office 12, 3rd Floor, Ile Du Port, Mahe, Seychelles. Titan Markets (licence no. GB20026097) regulated by the Financial Services Commission of Mauritius with its registered office at c/o Credentia International Management Ltd, The Cyberati Lounge, Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebene, Republic of Mauritius. Atlantic Markets Limited (registration no.2080481) regulated by the Financial Services Commission of the British Virgin Islands with its registered address at Trinity Chambers, PO Box 4301, Road Town, Tortola, British Virgin Islands. The Head Office of Titan FX is at Pot 564/100, Rue De Paris, Pot 5641, Centre Ville, Port Vila, Vanuatu. The Titan FX Research Hub purpose is to provide solely informational and educational content to its users, and not investment, legal, financial, tax or any type of personalised advice. Opinions, forecasts, and any other information contained in this website do not constitute recommendations or solicitation to buy or sell financial instruments. Trading leveraged products like CFDs carries high risk and may not suit all investors. Users should conduct independent research or consult qualified professionals before making any trading decisions. While efforts are made to provide accurate information, no warranty is given for the completeness or suitability of the information contained in this website. Reliance on this content is at your own risk and Titan FX accepts no liability for loss or damage. This information is for residents of jurisdictions where Titan FX transactions are permitted.
Official SNS Accounts
A Pin Bar is a candlestick pattern closely watched by many traders as a signal of a potential market reversal. The key features of a Pin Bar are as follows:
For example, a Pin Bar with a long lower wick in a low-price zone indicates strong buying pressure—"the price was once heavily sold off but then bought back up, resulting in an upward move"—and is often considered a signal for a potential rebound. Conversely, a Pin Bar with a long upper wick in a high-price zone can be used as a signal for a potential downward reversal.
However, since Pin Bars can also give false signals when used alone, it is recommended to combine them with other indicators (such as Moving Averages, RSI, etc.).
[Example of a Pin Bar occurrence]
This indicator determines Pin Bars using one of the following two methods (selectable in the settings screen):
① Ratio of wick length to total candle range (%)
This method uses the percentage of the wick (either upper or lower) in relation to the entire candlestick.
Specifically, if the wick length is greater than the specified percentage of the total range (high - low), it is identified and notified as a Pin Bar.
Generally, if the wick is 70–80% or more of the total range, it is often considered a Pin Bar.
② Ratio of wick length to body size
This method determines a Pin Bar when the wick length exceeds a specified multiple of the candlestick’s body.
Specifically, if the wick length exceeds the set multiple of the body, the candlestick is identified and notified as a Pin Bar.
Typically, if the wick is more than 3 times the body length, it is considered a Pin Bar. A higher multiple will reduce the frequency of detection but tends to increase the reliability of the signals.
*This indicator works only on the Windows versions of MT5 and MT4 provided by TitanFX.
Indicator Terms of Use
Only those who agree to all the following items may use the indicators distributed on this website (https://research.titanfx.com):
1.The indicators and related descriptions are based on various data believed to be reliable, but their accuracy and completeness are not guaranteed.
2.The data displayed by the indicators do not guarantee your investment results. Also, the displayed content may vary due to market conditions and communication environments.
3.Please make investment decisions using indicators at your own risk. We are not responsible for any disadvantages or damages arising from the use of indicators.
4.Specifications of the indicators are subject to change without notice. Changes will be announced on the indicator description pages, etc.
5.Indicators should only be used by customers who have downloaded them. Transferring or selling the indicators to third parties is prohibited.
| Variable Name | Description | Default |
|---|---|---|
| Method | If "Relative (%)" is selected, a notification is triggered when the wick length exceeds the specified percentage of the total range (high - low). If "Body-based (x times)" is selected, a notification is triggered when the wick length exceeds the specified multiple of the candlestick body. | Relative (%) |
| Threshold | Specifies the value used for the selected detection method above. | 80 |
| Color (Long Lower Wick) | Specifies the arrow color when a Pin Bar with a long lower wick is detected. | Aqua |
| Color (Long Upper Wick) | Specifies the arrow color when a Pin Bar with a long upper wick is detected. | Magenta |
| Alert (true:ON, false:OFF) | Specifies whether to issue an alert. Select true for alerts, or false for no alerts. | true |
Not used in this indicator.
