This indicator signals double inside day setup. This pattern occurs when two inside bars appear in a row. As you well know, an Inside Bar (IB) is a bar with the high below the previous high and the low above the previous low.
How to Trade Double Inside Bars
The double inside days means that the market is consolidating, there is an equilibrium between the buyers and sellers, it signals that an upcoming price jump. Wait for the candle to break the pattern, then open a position in the same direction of the breakout.
- File: DoubleInsideBar.mq4
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