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PZ Inside Bars MT5

This indicator detects inside bars of several ranges, making it very easy for price action traders to spot and act on inside bar breakouts.

  • Easy to use and understand
  • Customizable color selections
  • The indicator implements visual/mail/push/sound alerts
  • The indicator does not repaint or backpaint

An inside bar is a bar or series of bars which is/are completely contained within the range of the preceding bar.

  • A blue box is a bullish breakout of an inside bar
  • A red box is a bearish breakout of an inside bar
  • A green box is an inside bar which breakout direction is yet unknown


Indicator Parameters

The indicator finds inside bars from the desired variable length, entered as indicator inputs: "Minimum Range" and "Maximum Range". All other inputs are display related.


Author

Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.

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