Inside Bar Failure

The Inside Bar Failure pattern refers to an Inside Bar breakout that failed to sustain momemtum and closed back within it.
The report is broken down into the different following sections: retracement, invalidation, continuation and breakout.
Each of them provides hindsights about the pattern price behavior and brings answers to questions such as: How often does price retrace? Does the pattern often invalidate? If it doesn't then does it break in the pattern's direction? How far does price go? What are the odds of a false breakout?
While there are many ways to make use of the metrics, my favorite use case is for developing directional and daily/weekly biases while refining my stop/entry/target positioning.
Miscellaneous
- Highlights patterns on the chart;
- Supports bar to bar analysis and replay functionalities;
- Provides counts on the `Data Window` panel for debugging or computing your own metrics;
Settings
- Show/hide for toggling different sections;
- Report coloring and offset on the x axis;
Gaining Access
This is a private indicator and is available only for my Patrons. You can reach my Patreon page below from the link in my signature.
This release brings a new look to the indicator and many improvements under the hood brought by the latest features from Pinescript.
That is not all, it comes along new features:
- Reporting of the pattern’s frequency over 100 bars;
- Adding the probability of an inside bar failure to run its prior inside bar and mother bar liquidity;
- Expressing the distance optionally in Average True Range;
- Extending the distance data with price traveling less than half of its length / ATR;
- Reporting the chances of price breaking only one side of the pattern the next bar;
- Extending directional breakout data with the initial mother bar as reference;
- Displaying the historical share of bullish and bearish patterns;
- Showing the statistics of next bar closing up or down;
Logic change:
* Improved retracement back to open into back to open or close. E.g. on bullish inside bar failure whether the pattern closed with an up or down bar, it captures the retracement towards the lowest price between open or close.
Skrip jemputan sahaja
Hanya pengguna yang diberikan kebenaran oleh penulis mempunyai akses kepada skrip ini dan ini selalunya memerlukan pembayaran. Anda boleh menambahkan skrip kepada kegemaran anda tetapi anda hanya boleh menggunakannya selepas meminta kebenaran dan mendapatkannya daripada penulis — ketarhui lebih lanjut di sini. Untuk lebih butiran, ikuti arahan penulis di bawah atau hubungi sbtnc secara terus.
TradingView tidak menyarankan pembayaran untuk atau menggunakan skrip kecuali anda benar-benar mempercayai penulisnya dan memahami bagaimana ia berfungsi. Anda juga boleh mendapatkan alternatif sumber terbuka lain yang percuma dalam skrip komuniti kami.
Arahan penulis
Amaran: sila baca panduan kami untuk skrip jemputan sahaja sebelum memohon akses.
👨💻 Coding services: sbtnc.dev/hire-pine-script-developer
🔒 Premium indicators: sbtnc.gumroad.com
☕️ Tip: buymeacoffee.com/sbtnc
Penafian
Skrip jemputan sahaja
Hanya pengguna yang diberikan kebenaran oleh penulis mempunyai akses kepada skrip ini dan ini selalunya memerlukan pembayaran. Anda boleh menambahkan skrip kepada kegemaran anda tetapi anda hanya boleh menggunakannya selepas meminta kebenaran dan mendapatkannya daripada penulis — ketarhui lebih lanjut di sini. Untuk lebih butiran, ikuti arahan penulis di bawah atau hubungi sbtnc secara terus.
TradingView tidak menyarankan pembayaran untuk atau menggunakan skrip kecuali anda benar-benar mempercayai penulisnya dan memahami bagaimana ia berfungsi. Anda juga boleh mendapatkan alternatif sumber terbuka lain yang percuma dalam skrip komuniti kami.
Arahan penulis
Amaran: sila baca panduan kami untuk skrip jemputan sahaja sebelum memohon akses.
👨💻 Coding services: sbtnc.dev/hire-pine-script-developer
🔒 Premium indicators: sbtnc.gumroad.com
☕️ Tip: buymeacoffee.com/sbtnc