Inside Bar with High/Low

Inside Bar with High/Low
The indicator plots horizontal mid line between two Inside bars with High / Low with Multi Time Frame Selection by the user which can be traded in trending markets in the direction of the trend, when traded this way they are typically referred to as a ‘Breakout Play’ or an inside bar ‘Price Action Breakout Pattern’ They can also be traded counter-trend, typically from ‘Key Chart Levels’, when traded this way they are often referred to as ‘Inside Bar Reversals’.

The classic entry for an inside bar signal is to place a buy stop or sell stop at the high or low of the mother bar, and then when price breakouts above or below the mother bar, your entry order is filled with best time frame preferably more than 1 hour.

Stop loss placement is typically at the opposite end of the mother bar, or it can be placed near the mother bar halfway point (50% level), typically if the mother bar is larger than average.
It’s worth noting that these are the ‘classic’ or standard entry and stop loss placements for an inside bar setup is a useful tool for traders looking to identify potential reversals using the 20/50 EMA and candlestick patterns. However, like any trading tool, it should be used in conjunction with other indicators and analysis techniques for better accuracy

And also this tool is especially useful for day traders who want to track price action during specific times of the day and make informed decisions based on market behavior with more than 60 minutes period

As always, back testing and customization are recommended to optimize performance across different market conditions
In the end, experienced traders may decide on other entries or stop loss placements as they see fit.

Please remember that this indicator is provided for educational purposes only and does not constitute financial advice