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Break Inner Bar signal


The indicator reflects the signals of the strategy “Internal day and breakout game”, described in the book by Kathy Lin “Day Trading in the Forex market. Profit-making strategies.

When an internal bar appears, the indicator builds a range based on its maximum and minimum using horizontal lines. When the level is broken, a signal is generated to open a position.

The indicator has only one input parameter-Inner bars. It determines the minimum number of internal bars that must be formed before the range is broken.

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