HIO Inside Bar Scanner Free: Your Ultimate No-Cost Inside Bar Hunter on cTrader!

1. Introduction Want to experience the power of systematic Price Action trading at zero cost? HIOInsideBarScanner Free is the perfect multi-timeframe scanning engine for you! Optimized for cTrader, this tool automatically detects high-probability Inside Bar setups on your active chart, ensuring you never miss a critical market breakout.

2. Key Features

• Multi-Timeframe Dashboard: Monitor the price action of your current symbol across multiple timeframes (e.g., M15, H1, D1) simultaneously through a single, compact grid.
• Pinpoint Breakouts: Get precise log alerts when price breaks an Inside Bar or Mother Bar, complete with highly accurate fakeout (trap) detection.
• Automated Visuals: Automatically draws clear boundary lines for Mother Bars (MB) and Inside Bars (IB), along with directional signal arrows right on your main chart.

3. Setup Guide & Parameter Breakdown

Even as a free version, this indicator retains 100% of the advanced filtering logic so you can tailor it to your strategy:

• General Settings:
• • Timeframes List: Define your approach by typing in your preferred timeframes to scan on the current chart (e.g., H1, H4, D1).
• Alerts & Signals:
• • Signal Expiration Bars: Define how many bars a breakout signal remains valid. Prevent late entries when momentum fades!
  • 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 direction.
• 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 entire Inside Bar (wicks included) must fit completely inside the Mother Bar's body.
  • Ignore Consecutive MB: Skips consecutive Mother Bars to focus only on fresh setups.
  • MB Body > IB Body: Ensures the Mother Bar's body is larger than the IB's body.
  • MB Total Wicks < MB Body: Filters out messy Mother Bars by ensuring the total wick size is smaller than the body.
  • Ignore IB/MB Wicks: Forces the scanner to calculate breakouts based purely on candle Open/Close prices.
• Visuals:
• • Show MB/IB Lines Main Chart: Automatically draw clean, colored boundary lines for MBs and IBs directly on your chart.

4. Dashboard Symbol Guide: Read the Market at a Glance The dashboard uses intuitive, color-coded symbols to help you instantly grasp the ongoing price action :

• IB: A new Inside Bar has formed. (Get ready!)
• IBI▲: Price has closed above the High of the Inside Bar.
• IBI▼: Price has closed below the Low of the Inside Bar.
• IBIF▲: Price broke below the Mother Bar's Low, then reversed to close above the Inside Bar's High. (Bearish Fakeout)
• IBIF▼: Price broke above the Mother Bar's High, then reversed to close below the Inside Bar's Low. (Bullish Fakeout)
• IB▲: Price has closed above the High of the Mother Bar. (Strong Bullish Breakout)
• IB▼: Price has closed below the Low of the Mother Bar. (Strong Bearish Breakout)
• 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)