PZ Inside Bars MT5
This indicator detects inside bars of several ranges, making it very easy for price action traders to spot and act on inside bar breakouts.
- Easy to use and understand
- Customizable color selections
- The indicator implements visual/mail/push/sound alerts
- The indicator does not repaint or backpaint
An inside bar is a bar or series of bars which is/are completely contained within the range of the preceding bar.
- A blue box is a bullish breakout of an inside bar
- A red box is a bearish breakout of an inside bar
- A green box is an inside bar which breakout direction is yet unknown
The indicator finds inside bars from the desired variable length, entered as indicator inputs: "Minimum Range" and "Maximum Range". All other inputs are display related.
Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.