Inside Bar Dashboard for MT5

Overview of Inside Bar Dashboard for MT5

The Inside Bar Dashboard for MT5 is a powerful multi-currency and multi-timeframe indicator designed to help traders identify and act on Inside Bar (IB) and Mother Bar (MB) patterns. This dashboard provides a comprehensive view of the market, displaying the latest found patterns, current price positions, and breakout levels. 🏦

Key Features

Multi-Currency and Multi-Timeframe Support: The dashboard allows traders to specify any desired currencies and timeframes, providing a broad view of market conditions.

Pattern Display: It shows the last found Inside Bar and Mother Bar patterns, along with the current price position and breakout levels.

Customization: Traders can set the size and color for bars and text in the cells, making the dashboard visually appealing and easy to read.

Notifications: The indicator can send alerts when levels are broken, ensuring traders never miss a trading opportunity.

Interactive Interface: Clicking on a cell with a period opens the specified symbol and period, making it easy to navigate and analyze different timeframes.

Dashboard Parameters

Pattern Validity: Set how long the pattern will be valid after the first breakout (in bars).

Inside Bar and Mother Bar Conditions: Options to ensure the IB body is inside the MB body, and to ignore wicks if necessary.

Chart Customization: Options to clear the chart at startup, specify pairs manually, and position the dashboard on the chart with X and Y offsets.

Refresh Rate: Set the frequency at which the dashboard updates (in seconds).

Breakout Codes: Customize the colors and codes for breakouts up and down.

Price Labels: Show price labels in cells with customizable colors.

Highlighting: Highlight newly formed Inside Bars with specific colors.

Alerts and Notifications

New Inside Bar Alert: Get notified when a new Inside Bar is formed.

Inside Bar Breakout Alert: Receive alerts when Inside Bar levels are broken.

Mother Bar Breakout Alert: Get notifications when Mother Bar levels are broken.

Chart Integration

Pattern Drawing: The dashboard can draw patterns directly on the chart, making it easier to visualize trading opportunities.

Lines Length: Customize the length of lines on the chart (in bars).

Usage Tips

Optimize Settings: Customize the dashboard settings to match your trading style and preferences.

Monitor Multiple Pairs: Use the multi-currency feature to keep an eye on various currency pairs simultaneously.

Stay Alert: Enable notifications to ensure you are always aware of potential trading opportunities.

Conclusion

The Inside Bar Dashboard for MT5 is a versatile and user-friendly tool that can significantly enhance your trading strategy. By providing real-time insights into Inside Bar and Mother Bar patterns, it helps traders make informed decisions and capitalize on market movements. 🌟