This Pine Script indicator is designed to identify and visually represent inside bars or candles. Here's a breakdown of its features and functionality: 1. Inputs: insideCandlesColor: Color of the inside bars or candles. highColor: Color of the horizontal line representing the high of the inside bar. lowColor: Color of the horizontal line representing the...
What this Indicator Does This indicator is a very simple tool created specifically for experienced Straters. It was created for those Straters who fully understand the 1-2-3 Strat Scenarios, are in need of an easy to use tool, and do not want or need a lot of messy markings on their chart. The indicator simply allows the user to color code the Strat 1, 2 ,3...
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...
This indicator identifies Inside Bar. Inside Bar is an indecisive setup where traders are not sure of the direction which is reflected in the bar range which is usually narrower. The day following Inside Bar usually would be a decisive bar with wide range. This decisive bar can be exploited if traded with discipline. The steps to follow are : At EOD : 1) Use...