This Pine Script indicator is designed to identify and visually represent inside bars or candles. Here's a breakdown of its features and functionality: 1. Inputs: insideCandlesColor: Color of the inside bars or candles. highColor: Color of the horizontal line representing the high of the inside bar. lowColor: Color of the horizontal line representing the...
What this Indicator Does This indicator is a very simple tool created specifically for experienced Straters. It was created for those Straters who fully understand the 1-2-3 Strat Scenarios, are in need of an easy to use tool, and do not want or need a lot of messy markings on their chart. The indicator simply allows the user to color code the Strat 1, 2 ,3...
Lifted description from web: Hikkake means to trap, trick, or ensnare. Primarily, this price pattern seeks to identify inside bar breakouts and profit from their failures. An inside bar is a price bar that is entirely within the range of the preceding price bar. Inside bars are typical on price charts of most timeframes. While you’ll often find inside bars in...