by 
Exceeded Candle [Alorse] is a mean-reversion strategy that identifies candlestick engulfing patterns combined with Bollinger Bands filters. It enters a long position when a green candle surpasses the body of the previous red candle while price is below the mid
Strategy · Pine Script v5 · On the chart
InSide Bar Strategy
This strategy detects an inside bar when the current high is below the previous high and the current low is above the previous low.
Repaints
GitHub stars37on the repository
Pine versionv5runs as is
Lines of code8
Settings0inputs
LicenceMIT
Last update3 years ago10 Feb 2023
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
Source Code
8 lines of Pine Script v5 from Strategies/All Strategies are Here 🤩/Inside-Bar-Strategy.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=5
strategy("InSide Bar Strategy", overlay=true)
if (high < high[1] and low > low[1])
if (close > open)
strategy.entry("InsBarLE", strategy.long, comment="InsBarLE")
if (close < open)
strategy.entry("InsBarSE", strategy.short, comment="InsBarSE")
//plot(strategy.equity, title="equity", color=color.red, linewidth=2, style=plot.style_areabr)
Overview
InSide Bar Strategy enters long when that bar's close is above its open and short when the close is below its open. Signals are placed on the price chart. There are no inputs. It defines no exit, stop loss, or take profit, so a position stays open until an opposite entry reverses it. Conditions use the forming bar, so a signal can change before that bar closes.
- Inside bar detection versus the prior bar
- Long entry on a bullish inside bar
- Short entry on a bearish inside bar
- Overlay on the price chart
- No exit, stop loss, or take profit
Details
Published by
TWODS-CAPITAL on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Candlestick patterns
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
- The strategy enters trades without a stop loss
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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