Inside Bars IT

15 thg 2

Inside Bars IT Indicator
The Inside Bars IT indicator is a powerful tool designed to identify Inside Bars and their extended patterns (InsideBar2) on any chart. An Inside Bar is a candlestick pattern where the current candle's high is lower than the previous candle's high, and the current candle's low is higher than the previous candle's low. This pattern often signals market consolidation and potential breakout opportunities.

The indicator extends the concept of Inside Bars by introducing InsideBar2, which uses the high and low of the first Inside Bar as reference levels. Subsequent candles are classified as InsideBar2 if their high is less than or equal to the reference high and their low is greater than or equal to the reference low.

16 thg 2

Phát hành các Ghi chú

The Inside Bars IT indicator identifies and visualizes so-called Inside Bars. An Inside Bar is a candle whose maximum and minimum prices (high and low) are within the range of the previous candle. This indicator is an extended version and uses reference values for high and low, which are set at the first occurrence of an Inside Bar.