HIO Inside Bar Scanner Standard: Never Miss a Setup on cTrader!

1. Introduction

Never miss a trading opportunity again with the HIOInsideBarScanner! This ultimate cTrader assistant scans the entire market to uncover high-probability Inside Bar setups. Stop flipping through charts manually—let the system do the heavy lifting for you!

2. Key Features

• All-in-One Dashboard: Monitor dozens of pairs and timeframes through a single, sleek grid.
• Pinpoint Breakouts: Get instant alerts when price breaks an Inside Bar or Mother Bar, complete with fakeout detection.
• Smart Mini-chart Popup: Click to instantly view a miniature chart of the signal, saving you precious analysis time.

3. Setup Guide & Parameter Breakdown

This indicator is built to be 100% tailored to your strategy. Here is how you can fine-tune your ultimate scanning machine:

• General Settings:
• • Symbols List: Input your target currency pairs (e.g., EURUSD, GBPUSD, AUDUSD), separated by commas. Scan them all simultaneously!
  • Timeframes List: Define your approach by typing in your preferred timeframes (e.g., H1, H4, D1). Supports everything from M1 for scalpers to MN1 for long-term swingers.
• Alerts & Signals:
• • Signal Expiration Bars: Define how many bars a breakout signal remains valid (Default: 1). Prevent late entries when momentum is gone!
  • Enable IB Breakout Signals (IBI/IBIF): Toggle this to get alerts when the price breaks the Inside Bar boundaries (Includes Fakeout detection).
  • Enable MB Breakout Signals (IB/IBF): Activate alerts for true Mother Bar breakouts—a strong confirmation of trend continuation or reversal.
• Smart Inside Bar Rules:
• • IB Body Inside MB Body: Strict filter requiring the Inside Bar's body to be fully contained within the Mother Bar's body.
  • Entire IB Inside MB Body: The ultimate strict rule—the entire Inside Bar (wicks included) must fit inside the Mother Bar's body.
  • Ignore Consecutive MB: Skips consecutive Mother Bars to help you focus only on the fresh, initial breakout setups.
  • MB Body > IB Body: Ensures the Mother Bar's body is larger than the IB's body, filtering out weak formations.
  • MB Total Wicks < MB Body: Filters out messy Mother Bars by ensuring the total wick size is smaller than the body. Say goodbye to market noise!
  • Ignore IB/MB Wicks: Forces the scanner to calculate breakouts based purely on candle Open/Close prices rather than High/Low wicks.
• Visuals:
• • Show MB/IB Lines Main Chart: Automatically draw clean boundary lines for MBs and IBs directly on your main chart.
  • Mini Chart Settings: Toggle boundary lines on your popup mini-chart and adjust the Width/Height to fit your screen perfectly.

4. Dashboard Symbol Guide: Read the Market at a Glance

The HIOInsideBarScanner dashboard uses intuitive symbols to help you instantly grasp the ongoing price action:

• IB: A new Inside Bar has formed. (Get ready for a potential breakout!)
• IBI▲: Price has closed above the High of the Inside Bar. (Early Bullish Breakout)
• IBI▼: Price has closed below the Low of the Inside Bar. (Early Bearish Breakout)
• IBIF▲: Price broke below the Mother Bar's Low, then reversed to close above the Inside Bar's High. (Bearish Fakeout - Great buying opportunity)
• IBIF▼: Price broke above the Mother Bar's High, then reversed to close below the Inside Bar's Low. (Bullish Fakeout - Great selling opportunity)
• IB▲: Price has closed above the High of the Mother Bar. (Strong Bullish Breakout Confirmation)
• IB▼: Price has closed below the Low of the Mother Bar. (Strong Bearish Breakout Confirmation)
• IBF▲: Price broke below the Mother Bar's Low, then violently reversed to close above the Mother Bar's High. (Major Bear Trap)
• IBF▼: Price broke above the Mother Bar's High, then violently reversed to close below the Mother Bar's Low. (Major Bull Trap)