Three Inside Bar Pattern Indicator for MT5 Download - [TradingFinder]

The Three Inside Bar indicator is one of the practical tools used in technical analysis to detect reversal patterns.

This MetaTrader 5 indicator uses the Three-Inside up/down candlestick pattern structure along with a moving average to automatically identify potential price reversal points at the end of uptrends and downtrends. It is visualized using red and blue boxes.

Three Inside Bar Pattern Specification Table

The practical features of the Three Inside Bar candlestick pattern indicator are summarized in the table below.

Uptrend Conditions

On the one-hour USD/JPY chart, a Three Inside Up pattern appears at the end of a short-term downtrend.

The formation of the third candlestick with a bullish body following the first two candles can signal seller weakness and a potential market reversal to the upside.

Downtrend Conditions

On the 15-minute Nikkei index chart, the indicator has automatically detected a Three Inside Down reversal pattern.

This formation begins with a bullish candle, followed by a strong bearish candle appearing inside a red box, signaling the potential start of a downtrend.

Three Inside Bar Indicator Settings

The image below displays the customizable settings of the Three Inside Bar Indicator:

• Fast MA Period: Fast Moving Average period
• Slow MA Period: Slow Moving Average period
• Bearish (Three Inside Bar) Color: Display color for a bearish pattern
• Engulfing (Three Inside Bar) Color: Display color for bullish candle

Conclusion

The Three Inside Bar Indicator is an effective technical tool for detecting market reversal points.

This MT5 indicator combines the structure of the Three-sided up/down candlestick pattern and the moving average, highlighting key price reversal zones on the chart using colored boxes.