OPEN-SOURCE SCRIPT
Extended Inside Bar Range (by Shadow Quant Trader)
This indicator identifies and highlights extended inside bar structures based on a single mother candle.
Unlike traditional inside bar indicators that only mark the immediate inside candle, this script tracks the entire consolidation range defined by the mother candle and highlights all subsequent candles that remain within its high–low range.
🔶 Key Features:
Detects the initial mother candle
Highlights all candles inside the mother candle range
Continues marking candles until a breakout occurs
Ignores nested inside bars and maintains the original range
Helps visualize price compression and breakout zones
🔶 How it works:
When an inside bar is detected, the previous candle becomes the mother candle
All following candles are marked as long as they remain within that range
The sequence ends only when price breaks above or below the mother candle
🔶 Use Cases:
Identify consolidation before breakouts
Spot volatility contraction setups
Improve price action analysis
Credits:
Developed by Shadow Quant Trader
Unlike traditional inside bar indicators that only mark the immediate inside candle, this script tracks the entire consolidation range defined by the mother candle and highlights all subsequent candles that remain within its high–low range.
🔶 Key Features:
Detects the initial mother candle
Highlights all candles inside the mother candle range
Continues marking candles until a breakout occurs
Ignores nested inside bars and maintains the original range
Helps visualize price compression and breakout zones
🔶 How it works:
When an inside bar is detected, the previous candle becomes the mother candle
All following candles are marked as long as they remain within that range
The sequence ends only when price breaks above or below the mother candle
🔶 Use Cases:
Identify consolidation before breakouts
Spot volatility contraction setups
Improve price action analysis
Credits:
Developed by Shadow Quant Trader
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.