OPEN-SOURCE SCRIPT
Inside Bar Strategy w/ SL

"Inside bars are a two -bar pattern. They can indicate either a continuation of the
existing move or a reversal. A continuation occurs when there is no significant
support or resistance level in sight, while a reversal occurs close to a strong sup-
port or resistance level...
...A lot of traders are aware of inside bars but few manage to make money with
them. Why is this so? It goes back to interpreting price action. A lot of traders look
to trade in geometric ways. What I mean is that they search for fancy shapes on a
chart and think that this is what represents true price action.
This is not the case. A shape is just a shape. The formation by itself means
nothing unless underlying order flow backs it up. This is why it’s extremely
important that you look for inside bars when a trend is already in place.
The best place to look for them is in the beginning of trends."
existing move or a reversal. A continuation occurs when there is no significant
support or resistance level in sight, while a reversal occurs close to a strong sup-
port or resistance level...
...A lot of traders are aware of inside bars but few manage to make money with
them. Why is this so? It goes back to interpreting price action. A lot of traders look
to trade in geometric ways. What I mean is that they search for fancy shapes on a
chart and think that this is what represents true price action.
This is not the case. A shape is just a shape. The formation by itself means
nothing unless underlying order flow backs it up. This is why it’s extremely
important that you look for inside bars when a trend is already in place.
The best place to look for them is in the beginning of trends."
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La información y las publicaciones no pretenden ser, ni constituyen, asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no pretenden ser, ni constituyen, asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.