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Inside Bar MTF Alerts

The indicator is designed to inform you about new Inside bars detected on any specified timeframes. Patterns found on the current chart are highlighted. The indicator can use alerts, email notifications and push messages to inform you. There is an extra option - a volume-based pattern selection criterion.

This indicator automates the search of Inside bars and makes Price Action-based analysis of the markets much easier for you.


Input Parameters

Visualization settings:

  • Draw Mode - sets the way to draw patterns on the current chart (draw as bars or as candles).

Notification settings:

  • Pattern Name - defines pattern name in notifications.
  • Enable Alerts - turns on/off sound alerts of the indicator.
  • Enable Email Notifications - turns on/off notifications by email given in the settings of MetaTrader.
  • Enable Push Notifications - turns on/off notifications being sent to the mobile client with ID specified in MetaTrader settings.

Recognition parameters:

  • Lower Volume Bars before - specifies the required number of previous bars with lower volume comparing to the inside bar.
  • Min Bar Size on MN1
  • Min Bar Size on W1
  • Min Bar Size on D1
  • Min Bar Size on H12
  • Min Bar Size on H8
  • Min Bar Size on H6
  • Min Bar Size on H4
  • Min Bar Size on H3
  • Min Bar Size on H2
  • Min Bar Size on H1
  • Min Bar Size on M30
  • Min Bar Size on M20
  • Min Bar Size on M15
  • Min Bar Size on M12
  • Min Bar Size on M10
  • Min Bar Size on M6
  • Min Bar Size on M5
  • Min Bar Size on M4
  • Min Bar Size on M3
  • Min Bar Size on M2
  • Min Bar Size on M1

The parameters from Min Bar Size on MN1 to Min Bar Size on M1 set the minimum required bar's range (distance between High and Low) for each timeframe. Bars with lower ranges are ignored. Negative value of the parameter disables pattern search and drawing of the indicator on the corresponding timeframe. The optimal values of the minimum required bar ranges are assigned and pattern search is disabled on timeframes lower than H1 by default.


Trading Recommendations

According to Price Action the trading signal of the Inside Bar pattern is the breakout of the borders of the inside bar itself or the previous bar. Stop Loss should be placed beyond the opposite border of the inside or the previous bar. To improve the accuracy of trading signals it is strongly recommended to trade only according to the trend direction. This approach reduces the number of signals but increases their reliability.

Working on timeframes lower than D1, place the Stop Loss orders beyond the nearest extremum or the border of a trading range to avoid its premature triggering.


Additional Information

The indicator provides settings for two colors. The first color is to draw buy patterns and the second one is to draw sell patterns. An inside bar is considered to be "bullish" if its close price is higher or equal to the middle of previous bar's range. Otherwise, the pattern is considered to be "bearish". This division is mostly tentative, so the same color is set for both types of patterns by default. But you may find this feature useful.

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Daniel Stein
You want to become a constantly profitable 5-star forex trader? 1.  Read the basic description of our simple trading  system   &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase  to get your personal invitation to our exclusive trading chat Lighthouse is an amazing precise and reliable support and resistance indicator. It displays the most important trading levels and draws them according to their relevance. If a level is clearly broken, it changes its r
75 USD
Waves PRO
Waves PRO
Flavio Jarabeck
For those who appreciate Richard Wyckoff approach for reading the markets, we at Minions Labs designed a tool derived - yes, derived, we put our own vision and sauce into this indicator - which we called Waves PRO . This indicator provides a ZigZag controlled by the market volatility (ATR) to build its legs, AND on each ZigZag leg, we present the vital data statistics about it. Simple and objective. This indicator is also derived from the great book called " The Secret Science of Price and Volum
79 USD
Magic Finger Singal
Magic Finger Singal
Hui Zhao
Magic Finger can help you identify trends and trading opportunities clearly. The finger points to the open position signal, and the discoloration line is confirmed by the trend. If you are a day trader, you can choose to trade during a period of active trading, referring to the discoloration line as the basis for the next order, finger signal as a filter. If you are a trend trader, you can choose a period above H1, wait for the appearance of the finger signal in the key price area, and enter
88 USD
WaveTheory Fully automatic calculation
WaveTheory Fully automatic calculation
Kaijun Wang
This indicator is a perfect wave automatic analysis indicator for practical trading! The standardized definition of the band is no longer a wave of different people, and the art of man-made interference is eliminated, which plays a key role in strict analysis of the approach. Sale at a discount, make friends with you! Cooperation QQ:556024" Cooperation wechat:556024" Cooperation email: 556024@qq.com" Index content: 1.Basic wave: First, we found the inflection point of the basic f
188 USD
Points Pivot
Points Pivot
Vitalii Zakharuk
Индикатор Points Pivot реализует разновидность технического анализа, основанную на идее о том, что рынок имеет циклическую природу. упрощает процесс принятия решений, распознавая развороты с помощью встроенного алгоритма, а затем подтверждает сигналы на уровнях поддержки/сопротивления. Таком образом индикатор отслеживает рыночный тренд с большой надежностью, игнорируя резкие колебания рынка и шумы вокруг средней цены. Индикатор можно использовать как для пипсовки на мелких периодах, так и для до
69 USD
ScalperMultiMT5
ScalperMultiMT5
Andrey Spiridonov
ScalperMultiMT5 is a multicurrency indicator for professional traders. The indicator shows the complete market situation for the trader. The main advantage of this indicator is that it simultaneously analyzes six major currency pairs on all timeframes from M1 to MN. The indicator analyzes the trend strength. The indicator generates color-coded signals to visualize the market situation: Green - ascending trend. Red - descending trend. Yellow - trend is not defined. The indicator is excellent for
99 USD
Indicador Taurus All4 MT5
Indicador Taurus All4 MT5
Fabio Oliveira Magalhaes
Indicador Taurus All4   Taurus All4 O Taurus All4 é um indicador de alto desempenho, que indica a força da tendência e você pode observar a força da vela. Nosso indicador tem mais de 4 confirmações de tendência. É muito simples e fácil de usar. Modos de confirmação Confirmações de tendências de velas: Quando a vela muda para verde claro, a tendência é alta. Quando a vela muda para vermelho, a tendência está voltando para baixo. Quando a vela muda para vermelho escuro, a tendência é baixa.
200 USD
TraderDream Evolution MT5
TraderDream Evolution MT5
Yehor Pozhydaiev
The indicator defines the trend direction (displayed using line color), shows recommended market entry points (as arrows) and helps tracking price volatility. You can use it as a standalone tool for market analysis or filter the signals using other indicators (you can use TraderDream Evolution from the higher timeframe or create it on the chart of the index belonging to the country whose currency you trade). Our team has been successfully using TraderDream Evolution for two years already for tra
129 USD
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Pin Bar MTF Alerts
Pin Bar MTF Alerts
Andrey Shpilev
The indicator detects Pin Bars on the specified timeframes and notifies about new patterns found (via MetaTrader alerts, PUSH-notifications, emails). Patterns found on the current chart are highlighted. There are some extra options of pattern detection based on volume and the Pin Bar's position in relation to the previous bars. This indicator is useful tool for Price Action trading. Inputs Visualization settings: Draw Mode - set the way to draw patterns on the current chart (draw as bars or as
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raymundogj
19
raymundogj 2021.04.25 22:54 
 

Não funciona!!!!

Rainer F Santos
771
Rainer F Santos 2020.03.10 23:53 
 

Hi i bought it but is not working

array out of range in 'PriceActionPattern.mqh' (35,58)

adrianofreiree
30
adrianofreiree 2019.08.05 02:16 
 

Good night !

I bought the following indicator that you make available:

https://www.mql5.com/pt/market/product/6248#description

But it only works on the Strategy Tester. I would like to test it on the assets I will operate.

Can you help me please ?

I have the file in .ex5 form, I believe I have to have the file in .mq5 format!

I appreciate the help. Hugs !

Aravind
7093
Aravind 2019.04.12 04:37 
 

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Nork
6198
Nork 2016.03.24 12:24 
 

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Rodrigo da Silva Boa
7146
Rodrigo da Silva Boa 2015.12.14 06:03 
 

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Richer Araujo
2300
Richer Araujo 2014.10.29 03:01 
 

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Reply to review
Version 2.0 2016.02.02
1. Moved to a brand new stable and extensible architecture.
2. Notifications are sent only when a pattern is found or after MT5 restarted. It means, no more annoying alerts when you switch time frames.
3. Negative value of the parameter still disables the notifications for the corresponding time frame but drawing remains enabled with the absolute value taken into account.
Version 1.3 2014.10.09
The bug with zero (last) bar is fixed. Now it will not be highlighted by mistake.

The indicator now draws and sends notifications on any active timeframe. If you choose a timeframe on which the recognition is disabled (negative value of Min Bar Size parameter is set), it would be processed anyway and Min Bar Size would be an absolute value of the corresponding parameter.

Added new settings:
- Notify If MT Restarts - turns on/off notifications about patterns when MetaTrader restarts.
- Remind of All Patterns - turns on/off notifications about all actual patterns on every new bar of the smallest chosen timeframe.