Lifted description from web:
Hikkake means to trap, trick, or ensnare. Primarily, this price pattern seeks to identify inside bar breakouts and profit from their failures.
An inside bar is a price bar that is entirely within the range of the preceding price bar. Inside bars are typical on price charts of most timeframes.
While you’ll often find inside bars in...
Indicator Script for identifying Narrow Range 4 / 7 + Inside Bar
It also helps to check whether NR4 / NR7 breakout trading has been profitable or not in the past in a particular instrument.
It has helped me to select profitable scripts and avoid losing ones. Can be used for anytime frame.
NR4 == Narrowest range of 4 periods + signal day is an inside...
This indicator plots MAs and paints Triggered Alert Arrows base on Flying Buddha candle patterns.
The “Flying Buddha” Pattern is defined as:
A candlestick chart with two moving averages: the 5 period exponential moving average (fast EMA) and the 10 period simple moving average (slow SMA),...
I didn't find a study for Inside bar as I wanted. Therefore I wrote a one with PineV4. This may help you to see inside bars.
It can recalculate and works with either (opens-closes) or (highs-lows)
This Script plots Two important Price Action Signals
1) Pinbars (Body of Candle should be Above 40.5% of Range for Bullish Pinbars AND Below 40.5% of entire Range to make a Bearish Candle)
2) Inside Bars (Upto 4 Inside Bars)
This Indicator only evaluates up to last 20 candles as more indicators clutter the chart
In Future Versions, I shall add more patterns.
It's an 'Inside Bar Strategy' As seen used and taught extensively by ChartGuys.com (A Huge YouTube Trading community). Here is an automatable version, you can have it for free!
This Script was coded by riskTrader aka @cryptoTrader_ for a Indicator Script by slicknuts aka slicktrades. The version for the script provides its users the ability to place...
Simple indicator, to show outside bars and inside bars
inside sellbar = "I" in red color
inside buybar = "I" in green color
Outside sellbar = "O" in red color
Outside buybar = "O" in green color
Indicador simples, para mostrar outside bars e inside bars
inside sellbar = "I" na cor vermelha
inside buybar =...
Inside Bar + False-Breakout = Fakey pattern
A Fakey pattern can have a pin bar as the false-break bar or not. Fakey’s are a very important and potent price action trading strategy because they can help us identify stop-hunting and provide us with a very good clue as to what price might do next.
Author: Johnan Prathap TASC March 2011
The typical inside bar two-bar view indicates minimal activity in a market. It is defined as a bar (or series of bars) that is completely within the range of the preceding bar; that is, it has a higher low and lower high than the bar immediately before it. Some traders consider a bar an inside bar if the high and low are...
MACD (Moving Average Convergence/Divergence) + Inside Bar so that free users can have two things in same indicator.
Script is open for everyone.
Check and test the code of Inside Bar and let me know if it is correct.
Feel feel to share.