1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Inside Bar Breakout marks inside bars with diamonds, plots mother bar high and low reference lines, and generates close-confirmed breakout signals when price breaks the mother bar range within a specified lookback period. The script draws directly on the price chart and includes configurable inputs for the maximum bars since the inside bar, line visibility, and signal displays. It does not repaint, as all signals rely on bar-close confirmation.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Max bars since inside bar
int
3
lookBk
Show mother high/low lines
bool
true
showLn
Mark inside bars
bool
true
showIB
Breakout signals
bool
true
showBO
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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