Inside bar or outside bar identifier

Hello,

Do you guys know of an indicator for MT4 that will plot/reconize whenever an inside bar forms? (or outside bar?)

Any direction would be helpful!

Look in attachments here:
http://www.forexfactory.com/showthre...highlight=dibs

Hey try this indicator.

Ive been playing around with Outside and inside bars for a while now and ive noticed that when you get a outside bar immediatly follow by an inside bar, the chances of it breaking out of the inside bar is higher. i have done some backtesting and have included the results for 3 pairs in the attachment. There are some other rules in the system but if there are any programmers out there that would like to program this system id be happy to share the rules.

please see the spreadsheet for the last 2 years of backtesting on 3 pairs.
the Euro/USD didnt do that well but the oth pairs made up for it.
Each trade is based on 4% risk of capital and calcualtes how many lots to place.

If you dont like results im sure the spreadsheet template will come in use for anyone wanting to record results.

What im hoping for is if there are any programmers out there that can modify the inand out indicator attached to only show up when there is a outside bar immediatly followed by an inside bar.

Many thanks

Byn

the in&out indicator above works fine but it has a problem. It does not send email out when there is an outside/inside bar. I tried to put in the sendmail function in there but i got like 1000 emails. It sent me an email at every tick, and I dont want that. I just want an email once a day at 12:01am if yesterday's bar was inside or outside bar.... if doing this at 4 hour graph, i want one email every 4 hours.... thats it... can someone code that?

@Byn

I know this thread is quite old but it looks like an interesting system

The posted results when looked at for 1 lot per trade show an annual return of about 50% with a max drawdown of a little over 16% giving a MAR of over 3 which is pretty good (some would say unlikely to last but you never know). It is possible 2009 provided peculiar conditions

it is based on a pretty universal market pattern that should work in any market (even beyond currencies) and on other timeframes and there is little scope for the dreaded optimization.

My coding skills are limited (I'm better at system development) but I have modified a DoubleInsideBar indy to give what I think you are looking for - marks the inside bar where the bar before it is an outside bar.

If you could confirm the entry, stop loss and take profits you used in your backtest we could try and test it with a basic ea, look at it on different timeframes and see if the win:loss ratio can be improved a little etc.

My email is in the comments of the modified indy.

We might have the makings of a very nice system.

Hello guys, I hope somebody will help me 😊. I'm looking for somebody who is able to code indicator with push notification on PinBars or Inside bars. Its just simple indicator but I'm not good in code writing so I need little help from you. In exchange I'd be happy to share my system with you and help to learn it. Its very simple system easy to learn.😊thx guys for any answers😊🖖

hi what are all u need if it is in this list means please have.....if you want mq4 file means few of them i have i will share here
hope this thread will be alive onwards now... because this is perfect page about inside outside bars.... what i am looking for

hi today i have seen this page when i search for inside bar indicators.. really thank god i got this page... i did download your indicator and i sent feedback via this pic.. and will mail you too... consider my request... please it will help all.. thanking you a lot for this great work