Inside Bar Breakout/Fakeout with AI Scenarios [Yosiet]

Inside Bar Breakout/Fakeout Indicator with Scenarios

The Indicator is a powerful tool for traders looking to identify potential breakout and fakeout opportunities based on inside bar patterns. This indicator combines multiple technical analysis concepts to provide a comprehensive view of market behavior, helping traders make more informed decisions.

Key Features

• Inside bar detection with filtering
  
• Breakout and fakeout identification
  
• Three distinct scenario detections
  
• Customizable moving average calculations
  
• Flexible visualization options
  
• Alert conditions for various events
  

How It Works
The indicator identifies inside bars and filters them based on a maximum number of consecutive inside bars. It then detects breakouts and fakeouts using user-defined parameters. The script also calculates moving averages to determine trend direction.

Three specific scenarios are detected:

1. Strong breakout followed by a strong reversal
   
2. Weak breakout with multiple doji/weak candles
   
3. Strong breakout without reversal
   

These scenarios are visually represented on the chart, allowing traders to quickly identify potential trading opportunities.

How to Use

• Apply the indicator to your chart
  
• Adjust the input parameters to suit your trading style
  
• Look for inside bar patterns and subsequent breakouts/fakeouts
  
• Pay attention to the three scenario markers for additional context
  
• Use the alert conditions to stay informed of potential opportunities