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Using inside bars, Is there a way to scan for the first bar that closes above / below the mother bar? Usually price action will bring it back in to the range of the mother bar within a few bars after the close above / below and then take off in the direction of the bar closing that you scan for. This would be a good way to get good entries and limit risk. Is this possible? Thanks
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Not sure how the mother bar is defined. I could guess that it’s the bar preceding the inside bar? At any rate, before proceeding go ahead and view a similar post we answered on inside bars and see if your answer is already there. Perhaps just a tweak or two will get you up and running. Link: https://www.hahn-tech.com/ans/inside-days-entry-prices-on-chart/