Technical analysis, specifically Price Action, is a popular trading practice in which traders evaluate price movements not with algorithms and various averages, but with the help of simple visual logic.
Inside Bars, then, are among the "strong" boundary line indicators that many traders enter trading positions based on, as this is where the beginnings of future trends often take shape.
- InsideBar Indicator
- User complexity: Simple
- Usability: Oil, Forex, Commodities
- MetaTrader 4 Compatibility.
- Free indicator updates
Trading with the indicator
The above screen shows the indicator's "Parameters" settings, where you need to select the timeframe on which the InsideBars indicator should search and mark. Once the InsideBars have been searched, it is further possible to switch between timeframes, but on which the InsideBars from the selected timeframe are still marked (see below).
Note - for example, if timeframe D1 was selected, then InsideBars are not visible on higher timeframes
Download the Inside Bar Finder from the button below
Do you need help with installing this indicator into MT4 for Windows or Mac OS? Our guide HERE will help you.