PinBar + PPR Detector (Alerts)

PinBar + PPR Detector (Alerts)

This indicator identifies two popular candlestick reversal patterns: Pin Bar and PPR. It provides clear visual signals on the chart and includes built-in alerts that trigger only after the bar closes.

Description
1. Pin Bar

A reversal pattern based on wick-to-body proportions.
The indicator detects bullish and bearish Pin Bars using:
Customizable wick-to-body ratio (wickFactor)
Optional candle-color filtering
Option to enable or disable Pin Bar detection

2. PPR (Previous Peak Reversal)
A price-action pattern based on breaking the previous candle's range:
Bullish PPR: a bullish candle closing above the high of a previous bearish candle
Bearish PPR: a bearish candle closing below the low of a previous bullish candle
Option to enable or disable PPR detection

Alerts
Two alert types are included:
“PinBar Detected” — triggers on any Pin Bar
“PPR Detected” — triggers on any PPR
All alerts fire only after the bar is confirmed (closed), ensuring reliable signals without repainting during candle formation.

Visual Signals
Bullish Pin Bar: green triangle below the candle
Bearish Pin Bar: red triangle above the candle
Bullish PPR: lime circle below the candle
Bearish PPR: orange circle above the candle

Settings
Enable/disable Pin Bar detection
Wick factor adjustment
Color filter for Pin Bars
Enable/disable PPR detection

Suitable For
Scalping
Intraday trading
Technical analysis
Algorithmic trading
Traders using reversal patterns in their strategies