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nk0815

Inside Bars (Multiple / Consecutive)

nk0815  
Candlestick analysis Candlestick Analysis Inside Bar insidebars inside BAR BARS
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candlestickanalysis candlestick insidebar insidebars inside bar bars
Description

When an inside bar is found, the indicator remembers the high and low (= range) of the candle before the inside bar.
As long as price moves within the range, every bar is highlighted as an inside bar to the range.

Purpose

The indicator can assist when identifying valid pullbacks and buy-side liquidity (BSL) / sell-side liquidity (SSL).
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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