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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





Comentários 2
Valentin Butorin
3714
Valentin Butorin 2020.10.01 13:12 
 

Nice

mycash1
29
mycash1 2019.11.10 14:58 
 

super Idee zur Popgunfindung

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⭐️   ⭐️   ⭐️   ⭐️   ⭐️      Limited Time Offer,  Rent Trend Line Map    PRO  for  only 10$/Month      to   try our algorithm before getting lifetime version     ⭐️⭐️⭐️   ⭐️⭐️ Trend Line Map indicator is an addons for Trend Screener. Important Note : 1.  Active Signals Performance via  TREND LINE MAP INDICATOR ( Daily Update )    ► Click Here 2. Trend Line Map is a Trend Line Scanner based on Trend Screener Indicator. Please make sure that you get  Trend Screener Pro  before getting
49 USD
Bruces Price Predictor mt5
Bruce Webb
*Non-Repainting Indicator Bruce Webb Explains How To Use Bruce's Price Predictor In Detail And Free Forex Strategy  https://youtu.be/hfoB1tZZpTo Bruce's Price Predictor is an indicator that shows precise price reversals. A great arsenal to add to any chart.  Bruce's Price Predictor points price reversals with high degree of accuracy and it is great for scalping on the 1min time frame, Or swing trading on the 1hr time frame. Buy and sell arrows are shown on the chart as for entry signals. They do
50 USD
Advanced Currency Strength28 MT5
Bernhard Schweigert
⭐⭐⭐⭐⭐  Best Solution for any Newbie or Expert Trader! This Indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With only ONE chart you can read Currency Strength for 28 Forex pairs! Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity? USER MANUAL: click here The SPECIAL: Arrows in sub-window to show strong currency moment
128 USD
Multi oscillator divergence MT5
Jan Flodin
The indicator identifies when a divergence occurs between price and an oscillator/indicator. It identifies both regular and hidden divergences. It has a RSI filter option which makes it possible to filter out only the strongest setups. Features Can detect divergences for the following oscillators/indicators: MACD, OsMA, Stochastics, RSI, CCI, RVI, Awesome, ADX ,  Composite index , ATR, OBV, MFI and Momentum . Only one oscillator/indicator can be selected. Draws solid lines for regular/classica
30 USD
Resistance and Support Zones MTF for MT5
Pavel Zamoshnikov
The indicator automatically builds Support/Resistance levels (Zones) from different timeframes on one chart. Support-resistance levels are horizontal lines. As a rule, the market does not respond to a specific price level, but to a price range around the level, because demand and supply of market participants are not formed clearly on the line, but are “spread out” at a certain distance from the level. This indicator determines and draws precisely such a price range within which strong pos
40 USD
Harmonic Pattern Plus MT5
Young Ho Seo
Introduction Harmonic Patterns are best used to predict potential turning point. Hence, Harmonic Patterns are the sub patterns of turning point patterns. Traditionally, Harmonic Pattern was identified manually connecting extreme points in charts. Manual harmonic pattern detection is painfully tedious and not suitable for everyone. You are often exposed under subjective pattern identification with manual pattern detection. To avoid these limitations, Harmonic Pattern Plus was designed to automat
98 USD
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Valentin Butorin
3714
Valentin Butorin 2020.10.01 13:12 
 

Nice

mycash1
29
mycash1 2019.11.10 14:58 
 

super Idee zur Popgunfindung

Responder ao comentário
Versão 1.1 2019.01.28
Arrows disappeared. Error is solved.