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Inside Bar Scanner

1
This indicator was created to detect possible changes in direction of the market.

Inside bars points to a certain level of indecision coming into the market. Neither side, buyers and sellers, have been able to push the price further up or down resulting in indecision.

We can use this indicator to monitor for inside bar setups and having the indicator signaling the setup to the trader by alert, notification, it provides the trader with a starting point for his/her trading plan.

The validation for the Inside Bars in this indicator is done by choosing a validation mode. Default mode is validation on the whole candle. This means that the inside bar should fall between the high and low of the preceding candle (mother candle). The other mode is validating on the candle BODY. This means that the possible Inside Bar should fall between the Open and Close of the preceding candle.

With this mode, coupled with the minimum range for the mother candle, you can filter the potential inside bars and avoid less valuable signals.


Different validation modes

The indicator contains two sorts of validation whether or not an inside bar exists. Those modes are:

  1. Based upon the complete candle. The indicator validates whether the potential Inside Bar high is lower than the mother candle's high and whether the low of the Inside bar is higher than the mother candle's low.
  2. Based upon the real body. The high and low of the potential Inside Bar can be exceeding the mother candle´s high and low BUT it cannot close beyond it. The body, open and close of the inside bar, must be higher and lower than the body of the mother candle.


Parameters

  • CustomPeriod - timeframe, where the indicator looks for inside bars.
  • InsideBarMinimumMotherCandlePipSize - minimum allowed candle size (from low to high) in pips for the mother candle. 0 - no validation.
  • InsideBarValidationMode - how the indicator determines whether a bar is an inside bar or not. The options available are:
    • IB_CANDLE
    • IB_BODY
  • MaxBarsLookBack - how many bars back will the indicator start monitoring for any patterns.
  • StyleOutput - how the InsideBar pattern will be drawn on the chart. The following options are available:
    • OUTPUT_DOT
    • OUTPUT_RECTANGLE
    • OUTPUT_LINE
    • OUTPUT_RECTANGLELINE
  • StyleWidth - width of the output
  • StyleRectangleFill - when StyleOutput is set to OUTPUT_RECTANGLE, use this to fill the background
  • StyleBorder - border style when StyleOutput is set to either OUTPUT_RECTANGLE or OUTPUT_LINE. Choose one of the following:
    • BORDER_SOLID
    • BORDER_DASH
    • BORDER_DOT
    • BORDER_DASHDOT
    • BORDER_DAHDOTDOT
  • StylePipsOffset - number of pips, which will be added/substracted to position the output on its Y location
  • StyleExtendBarsPainting - number of bars, for which the output gets extended to the right. This makes the output better visible and lets us see the interaction
  • StyleOutputColor - color for the output on the chart
  • StyleRectLineBorderColor - when StyleOutput is set to OUTPUT_RECTANGLELINE, you can set the color for the additional border line
  • DoSendNotification - send a notification when a new Inside Bar pattern has been formed (enable: MetaTrader 4-Tools-Options-Notification)
  • DoSendMail - send an email when a new Inside Bar pattern has been formed (enable and fill in: MetaTrader 4-Tools-Options-Email)
  • DoShowAlert - show and sound an alert when a new Inside Bar pattern has been formed
  • DoShowComment - show a comment in the left upper chart corner when a new Inside Bar pattern has been formed.
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This indicator was created to spot potential reversals in the market. The Pinbar, or Pinnochio Bar, pattern is a a great candlestick pattern which can yield good trading results if traded properly. The idea behind this pattern is that price tries to trick us into thinking the wrong direction. When a Bullish Pinbar for example has formed, it tries to convince us price is going higher but in reality price is going down at the end of the bar. These patterns can be powerful reversal signals when use
PivotLevels
Pro-Berza
3 (1)
This indicator was created to determine the overall trend of the market. Pivot points are support/resistance level areas, at which the direction of price can change. Many people are looking at those Pivot Point levels, which causes the levels to become almost self-fulfilling. Use this indicator to identify reversal points, so you can place your orders or combine it to recognize key price levels that needs to be broken to take a good breakout trade. With this indicator, its easy to find important
This is a pack which contains both the Engulfing Scanner as well as the Pinbar Scanner . The indicator comes with several sorts of alerts which makes it easy for a trader to wait for a pattern to be formed, have it signaled and then check the chart to see what the bigger story tells you. Pinbar Scanner The Pinbar, or Pinnochio bar, pattern is a a great candlestick pattern which can yield good trading results if traded properly. The idea behind this pattern is that the price tries to trick us i
This indicator is a supporting tool which helps you draw/update any chart object once. The additions or changes are automatically synchronized to all linked chart windows of the same instrument. Setup is simple. Open all required charts you want to work on, attach the indicator to each chart window and start using it. Its only allowed to attach one indicator to each chart. Once attached, you can draw on any chart (as long as it has this tool attached as indicator) and the drawing will show up
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FXFuchs
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FXFuchs 2018.05.14 09:50 
 

Far too expensive, does not work at all

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