PROTECTED SOURCE SCRIPT
Inside Candle pattern Strategy buy sell signal
Inside Candle Pattern Strategy v1.1
This strategy identifies Inside Candle formations and generates Buy/Sell signals when price breaks out of the inside candle’s high or low.
How It Works
Detects Inside Candle patterns (where current bar high ≤ previous bar high and low ≥ previous bar low).
Plots the Inside Candle’s high and low as breakout levels.
A long entry is triggered if price breaks above the Inside Candle high.
A short entry is triggered if price breaks below the Inside Candle low.
Extended dashed lines optionally mark the Inside Candle breakout levels.
Features
System Mode: Choose Intraday (session-based) or Positional.
Risk Management:
Configurable Stop Loss (percentage, points, or risk-based).
Configurable Target (percentage, points, or risk-based).
Optional Trailing Stop Loss.
Algo Integration: Pre-formatted alert messages for automation platforms.
Visualization: Displays breakout levels, entry price, target, and stop loss directly on the chart.
Use Case
The strategy is designed for traders who want to backtest and study how Inside Candle breakout setups perform with different stoploss/target rules. It helps in analyzing breakout behavior but does not guarantee profitable outcomes.
Disclaimer
This script is for educational and research purposes only. It is not financial advice. Trading involves risk, and past performance does not guarantee future results. Always test thoroughly and trade responsibly.
This strategy identifies Inside Candle formations and generates Buy/Sell signals when price breaks out of the inside candle’s high or low.
How It Works
Detects Inside Candle patterns (where current bar high ≤ previous bar high and low ≥ previous bar low).
Plots the Inside Candle’s high and low as breakout levels.
A long entry is triggered if price breaks above the Inside Candle high.
A short entry is triggered if price breaks below the Inside Candle low.
Extended dashed lines optionally mark the Inside Candle breakout levels.
Features
System Mode: Choose Intraday (session-based) or Positional.
Risk Management:
Configurable Stop Loss (percentage, points, or risk-based).
Configurable Target (percentage, points, or risk-based).
Optional Trailing Stop Loss.
Algo Integration: Pre-formatted alert messages for automation platforms.
Visualization: Displays breakout levels, entry price, target, and stop loss directly on the chart.
Use Case
The strategy is designed for traders who want to backtest and study how Inside Candle breakout setups perform with different stoploss/target rules. It helps in analyzing breakout behavior but does not guarantee profitable outcomes.
Disclaimer
This script is for educational and research purposes only. It is not financial advice. Trading involves risk, and past performance does not guarantee future results. Always test thoroughly and trade responsibly.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.