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This indicator determines the internal bars of several ranges, thereby simplifying the detection and taking measures to break through the internal bar for traders trading on price action.
- Easy to understand and use
- Customizable color selection
- Visual/email/push/audio notifications are provided in the indicator.
- The indicator does not redraw and does not draw on the history
Internal is a bar (or a series of bars) that is completely within the range of the previous bar.
- The blue frame is a bullish breakdown of the inner bar
- Red frame – bearish breakdown of the inner bar
- The green frame is an internal bar with an unknown breakdown direction
The indicator finds the inner bars by the desired variable length entered in the input parameters: “Minimum Range” (Minimum range) and “Maximum Range” (Maximum range). All other parameters are related to the display.
Arturo Lopez Perez, private investor, stock speculator, programmer and founder of Point Zero Trading Solutions.
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21 March 2016
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Works. Allows you to quickly assess the market situation, saves time when analyzing.
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