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Swiss InsideOutsideBar

Swiss InsideOutsideBar

Imortance of Inside- and Outside Bars

Inside bars are completely engulfed by its previous bar. The pattern is also known as "harami" (pregnant). Outsidebars engulf the previous bar.

Inside bars might mark situations before an outbreak. They are a condensed form of a symmetrical triangle. Symmetrical triangles represent a battle between bulls and bears. There can be an outbreak to either side, mostly the outbreak is in direction of the main trend.

The combination of inside bar followed by an outside bar build the so called "popgun" pattern. Popgun Patterns are mostly followed by an outbreak on either side of the outside bar (see image 4). In many cases the outside bar might preceded by an incomplete inside bar, which is not marked. Therefore outside bars alone might also be an indicator of a sudden outbreak.

Motivation

I use this indicator in D1 to have an idea of a possible outbreak in conjunction of my "Swiss OpeningRangeIndicator". 


Timeframes

The indicator works an any timeframe. In small time frames the patterns might not be significant. I suggest M3 to D1. In M1 the indicator shows sluggish behaviour of the price.


Inputs

inpArrowCode => Code for Up-Arrow (see mql5.com)

inpArrowCode1 => Code for Down-Arrow (see mql5.com)

inpArrowDistance1 => Distance in pixels for up arrow labels

inpArrowDistance2 => Distance in pixels for down arrow labels

let indicator talk => warns you by sounds "inside bar" and "outside bar" as soon the complete bar is closed.

show inside bars => show inside bar

show outside bars => show outside bar





Comentarios 2
Valentin Butorin
3845
Valentin Butorin 2020.10.01 13:12 
 

Nice

mycash1
29
mycash1 2019.11.10 14:58 
 

super Idee zur Popgunfindung

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This product contains following indicators: (Lines + LineSAR + Channels + BTL + Ladder) Phi Lines  - special EMAs, similar to MIMAs from Phicube; Phi LineSAR  - erase and highlight Phi Lines in support or resistance. Similart to MIMASAR from Phicube; Phi Channels  - show support and resistance, similar to Phibo from Phicube (Green and Read Lines); Phi BTL  - candles color following Phi Lines alignment; Phi LADDER  - Indicator that allow you to visualize possible targets.  FUTURO Tool Future to
40 USD
Lighthouse MT5
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 br
50 USD
Trend Support Resistance Alert
ISO Financial Services
Smart Trend Line Alert , available for MT5 is a unique professional Trend Line, Support Line and Resistance Line Touch and Break out Alert with awesome Alert History feature, designed to help traders easily manage many charts and symbols without staring at the monitor. Features Candle Break Out Alert, Price Touch Alert and Time Line Alert; 1 click for converting any drawn line into an alert line (Trend line and Horizontal line or Trend Line By Angle); Alerts History able to re-open closed char
31.75 USD
Divergence dashboard MT5
Jan Flodin
This  multi time frame and multi symbol  divergence dashboard indicator sends an alert when one or two different divergences have been identified on several time frames. It can be used with all time frames from M1 to MN . Max. 9 time frames can be shown in the dashboard at the same time . It is possible to enable moving average, RSI or Bollinger bands trend filter to filter out only the strongest setups. The free version of this indicator can be downloaded  here   for testing before you decide t
39 USD
Breakout Scanner Multi Pair And Multi Time Frame
ScorpionFX
(FOR MT5)  Breakout Scanner Multi Pair And Multi Time Frame :   This indicator has been designed to automatically identify high probability breakout patterns. And it does this by finding very strong, symmetrical pennants and triangles. IMPORTANT FACTORS TO KEEP IN MIND: Pennants and triangles are some of the best possible entry areas. As they allow you  to have excellent risk and reward ratios. And this is one of the most important factors  in the institutional trading world.  PLEASE NOTE: 
79 USD
Gann Square of 144 for MT5
Taras Slobodyanik
The Gann Box (or Gann Square) is a market analysis method based on the "Mathematical formula for market predictions" article by W.D. Gann. This indicator can plot three models of Squares: 90, 52(104), 144. There are six variants of grids and two variants of arcs. You can plot multiple squares on one chart simultaneously. Parameters Square — selection of a square model: 90 — square of 90 (or square of nine); 52 (104) — square of 52 (or 104); 144 — universal square of 144; 144 (full) — "full" ve
52 USD
Filtro:
Valentin Butorin
3845
Valentin Butorin 2020.10.01 13:12 
 

Nice

mycash1
29
mycash1 2019.11.10 14:58 
 

super Idee zur Popgunfindung

Respuesta al comentario
Versión 1.1 2019.01.28
Arrows disappeared. Error is solved.