Three-Bar Inside Bar

ThreeBarInsideBar

Function Name: ThreeBarInsideBar

Tags: None

Category: Pattern, Price

This three-bar pattern searches for Inside Bars (bars that are completely within the range of the preceding bar) that are formed inside two higher closes (postitive reversal) or inside two lower closes (negative reversal).

When the pattern is found, it is marked with an area over the three bars and a signal is drawn on the open of the bar after.

 

Author: Johnan Prathap

Source: Stocks & Commodities, March 2011: "Three-Bar Inside Bar Pattern"

 

Parameters

ShowTraderBars

 

Default Value: -1

 

Type: Boolean

ShowTraderMarks

 

Default Value: -1

 

Type: Boolean