This indicator does NOT work on these intervals: range, ninZaRenko, KingRenko$ (and similar renko types)

Special Offer

Upon purchasing this indicator, you will receive 2 FREE sounds that read "inside bar" in male and female voices for alerts.

This is one of the most important candlestick patterns widely used by pros, now enhanced by ninZa.co. Inside Bar Pro detects a region of sideways price consolidation, making it easy for price action traders to identify critical moments when the market breaks outside a mother bar’s range.

Our indicator draws range high, low, center, upper mid, lower mid (based on a user-defined mid percentage). These important retracement levels help traders easily visualize how the price action behaves inside the range.

The Strict mode of Inside Bar Pro lets you decide how inside bars are defined:

• Strict mode enabled (traditional definition): Inside bars are identified by comparing the high & low of the current bar to the high & low of the mother bar.
• Strict mode disabled (more flexible definition): Inside bars are identified by comparing the open & close of the current bar to the high & low of the mother bar.

Here are some common uses of inside bars in reality:

• In a trending market, traders often seek an inside-bar pattern. Then if the market breaks out in the trend direction, they will have an opportunity to join the trend or scale in their existing position.
• At support/resistance zones, if there is an inside-bar pattern and then the market breaks out in the direction opposite to the prevailing trend, traders may consider that as a signal of a trend reversal.
• When seeing an inside-bar pattern on the current timeframe, traders may zoom in a smaller timeframe for a clearer view of the price consolidation and upcoming breakout.

The indicator also allows filtering mother bars based on their sizes. For example, you can define that mother bars must be at least 0.5 ninZaATR or 10 ticks.

In this indicator, ninZaATR is used (instead of regular ATR) for better performance. For your information, ninZaATR is ninZa.co's special ATR version that helps improve indicator performance significantly on intraday charts. It is also a standalone FREE indicator for ninZaFamily → https://ninza.co/product/ninzaatr.

Key features:

• Identify inside bars based on the Strict mode you select
• Allow specifying the minimum size of mother bars based on ninZaATR or tick unit
• Allow adjusting mother bar's range by a user-defined offset
• Draw range high, low, center, upper mid, lower mid (based on a user-defined mid percentage)
• Paint the region between range high & range low to clearly show the box containing inside bars
• Trigger alerts on inside bar detection
• Print markers on inside bar detection
• Trigger alerts on breakout
• Print markers on breakout
• Be NinjaScript ready for advanced usage, only restricted by your imagination
• Expose dedicated NinjaScript signals