This indicator is an adaptation of the Three Bars Inside Bar concept discussed in a related article in March 2011 issue of Technical Analysis of Stocks and Commodities. I have very little experience with NinjaScript and just experimented with programing this indicator. I am sure someone can check it out for potential improvements.
The indicator draws buy and sell arrows on any price chart (time and tick bars) with high, low, and close data. The three Bars Inside Bar is an old concept and trading method used by many well known old timer traders.
Exported in NT7.0.1000.2
Category The Elite Circle
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