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Break Inner Bar signal
The indicator displays signals generated according to the "Inside day breakout play" strategy described in the book "Day Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Swings" by Kathy Lien.
When an inside bar appears, the indicator draws a range through its maximum and minimum using horizontal lines. If the price breaks through this range, a signal for opening a position is generated.
The indicator has only one input parameter - Inner bars. It determines the minimum number of bars that need to be formed before the breakthrough.