Highlights in blue when an inside bar follows an inside bar. Double inside bars (when used on the daily timeframe) are a way of easily finding equilibrium patterns (i.e. pennant shaped price action) on lower time frames. There is usually a strong move in whatever direction these patterns break, so good to have alerts set up for your favourite markets.
Versionsinformation:
Fixed a code issue thanks to feedback from Indicator-Lover. Also added an option to change the relevant candle colours instead of having the vertical backgrounds as highlights.
In my experience OBV (or a similar volume-based indicator) is often a good technique to see which way an inside bar is going to break. If it's trending up over the past few bars go long, and vice versa for short
In my experience OBV (or a similar volume-based indicator) is often a good technique to see which way an inside bar is going to break. If it's trending up over the past few bars go long, and vice versa for short
Versionsinformation:
Fixed an offsetting issue
Versionsinformation:
Fixed screenshot
Versionsinformation:
Added an option to change highlight colour based on the second inside candle. If it's red then the highlight will be red and vice versa for green.