Recruitment of participants Insıde Bar 28 Pair Radar Useful !

Discussion in 'Forex Indicators MT4' started by rikitosx, 7 July 2024.

Stage:
Recruitment of participants
Price:
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GOODMEN
30%
Settlement fee for participation:
17 USD
  • Participants of Joint purchase:
    1. rikitosx, 2. KUNAL PATIL, 3. (anonym)
    ;

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  1. rikitosx

    rikitosx Active Member

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    #1 rikitosx, 7 July 2024
    Last edited by a moderator: 7 July 2024
    IDNR4 and 7 28 Pairs Radar
    V1.3

    This indicator detects IDRN4 and IDNR7 two powerful patterns on 28 pairs on new daily bar.

    IDNR4 is the acronym for "Inside Day Narrow Range 4" where "Inside Day" is a lower high and higher low than the previous bar and "Narrow Range 4" is a bar with the narrowest range out of the last 4 bars so "Narrow Range 7" out of the last 7 bars.

    Hence, ID/NR4 and better ID/NR7 are an objective criterion for identifying days of decreased range and volatility.

    Once we find an ID/NR4 or an ID/NR7 pattern, we aim to trade the breakout as volatility resumes.


    Rules for long
    1. An inside bar with the smallest range out of the last 4 or 7 bars.
    2. Place buy stop order above the high of the bar.
    3. Wait for a breakout to trigger order.

    Rules for short
    1. An inside bar with the smallest range out of the last 4 or 7 bars.
    2. Place sell stop order below the low of the bar.
    3. Wait for a breakout to trigger order.

    Parameters settings
    • Pairs_Suffix: Pairs suffix as "micro" or "-ECN" etc
    • Alert_Notification: Alert when IDNR4 or IDNR7 is detected on one or multiple pairs.
    • Push_Notification: Push notification on mobile device when IDNR4 or IDNR7 is detected on one or multiple pairs.

    Code:
    https://www.mql5.com/en/market/product/23338?source=Unknown
     
  2. rikitosx

    rikitosx Active Member

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  3. rikitosx

    rikitosx Active Member

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    İnside bar = İnsider trading $$$
     
  4. rikitosx

    rikitosx Active Member

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