"Inside bars are a two -bar pattern. They can indicate either a continuation of the existing move or a reversal. A continuation occurs when there is no significant support or resistance level in sight, while a reversal occurs close to a strong sup- port or resistance level... ...A lot of traders are aware of inside bars but few manage to make money with them. Why is this so? It goes back to interpreting price action. A lot of traders look to trade in geometric ways. What I mean is that they search for fancy shapes on a chart and think that this is what represents true price action. This is not the case. A shape is just a shape. The formation by itself means nothing unless underlying order flow backs it up. This is why it’s extremely important that you look for inside bars when a trend is already in place. The best place to look for them is in the beginning of trends."
@tweakerID, Keep me posted, I have backtested the "Inside Bar Strategy" which is in-built in TradingView, with all the other in-built strategies, and have found that the "Inside Bar Strategy" is one of the few strategies, which makes one more Profit, as compared to the Buy & Hold Returns. And out of those few strategies, "Inside Bar Strategy" has the best returns. However, it needs some work, which it seems you are doing.
What additional features have you built into your Strategy vis-a-vis, the in-built one, in TradingView ?
tweakerID
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@CryptoSingh25, I added different kinds of stops and take profit, and some other optional rules. Check out my other strategies, all of them beat Buy and Hold with the adequate settings
CryptoSingh25
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@tweakerID, Which strategy of yours, gives the highest Profit, and on which timeframe ?
tweakerID
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@CryptoSingh25, dunno. Haven't compared them yet. Would also need to forward test them.
DPSINGH100
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This is very nice indicator
makwanadushyant960010
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is there any problem with scaling of indicator the second i add indicator scale is become large and chart is not visible at all and could you please explain first parameter and what is use of moving average
ASIFKERIM
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HI,could you please check line 128&129 plot needed on chart
tweakerID
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@hjsjshs, those are debugging plots, not intended to be on the chart
Have you backtested this Strategy and compared it against your other strategies, or the in-built "Inside Bar Strategy" in TradingView ?