R Inside Bar

The R Inside Bar indicator for Metatrader 4 provides simple to use price breakout levels based on inside bars.

It works on pure price action and does not repaint whatsoever, and pops up in the main MT4 chart window in the form of 2 colored horizontal lines above and below the actual inside bar.

The green horizontal line acts as resistance and the red line acts as support.

Long & short trade idea

  • Open a buy order if the candlestick closes above the green inside bar line and the overall trend is upwards.
  • Open a sell order if the candlestick closes below the red inside bar line and the overall trend is downwards.

The R Inside Bar indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.

Tip

Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the R Inside Bar indicator.

As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.

Please note that even the best trading indicator cannot yield a 100% win rate over long periods.

Specifications & Inputs

Trading Platform: Metatrader 4 (MT4)

Currency pairs: Works for any pair

Time frames: Works for (1-M, 5-M, 15-M, 30-M, 1-H)

Trade Style: Works for scalping, day trading and swing trading

Input Parameters: Variable (inputs tab), color settings & style

Indicator type: Price action


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Technical indicator that structures charts and identifies cyclical price movements. Can work on any charts. Several types of alerts. There are additional arrows on the chart itself. Without redrawing on history, works on closing a candle. Recommended TF from M5 and higher. Easy to use and configure parameters. When using 2 indicators with different parameters, you can use without other indicators. Has 2 input parameters Cyclicality and Signal duration These 2 parameters work with the processin
Fibonacci Confluence Toolkit MT4 Multi Timeframe
Duc Hoan Nguyen
5 (1)
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Special offer : ALL TOOLS , just $35 each! New tools   will be   $30   for the   first week   or the   first 3 purchases !  Trading Tools Channel on MQL5 : Join my MQL5 channel to update the latest news from me The Fibonacci Confluence Toolkit Multi-Timeframe is an advanced technical analysis tool designed for professional traders, helping to identify potential price reversal zones by combining key market signals and patterns. With multi-timeframe display capabilities through the Timeframe Sele
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