Inside Bar MTF Alerts

The indicator will inform you about the appearance pattern "inside bar" at any given time frames. On the current chart inside bars
highlighted. The indicator provides audible alerts (alerts), as well as sending email and Push-notifications. There is an additional option - patterning selection criteria on the basis of volume.

This development automates the search for internal bars and is a reliable tool in the analysis of the market on Price Action method.

Input parameters

Display Settings:

• Draw Mode - rendering display mode in the current timeframe (in the form of bars or candles).

Notification settings:

• Pattern Name - the pattern name in notifications.


• Enable Alerts - enable / disable alerts in the terminal
  (Alerts).


• Enable Email Notifications - enable / disable notifications
  e-mail specified in the terminal settings.


• Enable Push Notifications - enable / disable notifications
  mobile client MetaTrader, whose ID is specified in the terminal settings.

recognition parameters:

• Lower Volume Bars before - Pattern recognition criterion defining
  necessary number of previous bars with a smaller volume compared
  Inland bar. 


• Min Bar Size on MN1


• Min Bar Size on W1


• Min Bar Size on D1


• Min Bar Size on H12


• Min Bar Size on H8


• Min Bar Size on H6


• Min Bar Size on H4


• Min Bar Size on H3


• Min Bar Size on H2


• Min Bar Size on H1


• Min Bar Size on M30


• Min Bar Size on M20


• Min Bar Size on
  M15


• Min Bar Size on M12


• Min Bar Size on M10


• Min Bar Size on M6


• Min Bar Size on M5


• Min Bar Size on M4


• Min Bar Size on
  M3


• Min Bar Size on
  M2


• Min Bar Size on
  M1

Options Min Bar Size on MN1 - Min Bar Size on M1 determine the
minimum required range of the bar (distance High-Low) for each
timeframe. Bars with a smaller range are ignored. A negative value
disables search patterns, and rendering the indicator at an appropriate timeframe. By default, the optimal values ​​of the minimum range and the disabled search in the timeframes patterns less than an hour.

trading recommendations

According to Price Action, pattern signal "Inner bar" is the breakdown of the boundaries of the inner bar or previous. Stop-loss is placed on the opposite border of the inner bar or the previous one. To improve the accuracy recommended trade signals only in the direction of the trend. This approach reduces the amount of signals, but significantly increases their reliability.

When you work with periods of less than one day it is recommended to put a stop loss at the nearest extremum or boundary of the trading range, in order to avoid false alarms.

Additional Information

In the setting provided an opportunity to ask two possible color rendering LED - for models to buy and to sell. "Boarium" is considered an inner bar with a closing greater or equal to the middle range of the previous bar. Otherwise, the bar is considered to be "bearish". Separation of internal bars of "bullish" and "bearish" is very conditional, so the default setting is set one color for all patterns.

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