Smart Bar Analyzer
Built by a trader, for traders.
The Smart Bar Analyzer is a price action indicator designed to automatically detect key bars and visually highlight market strength on the chart.
The indicator keeps the chart clean while highlighting the most relevant price action events.
Key Features:
Inside Bar Detection
- Automatically detects bars whose range is completely within the previous bar.
- Inside bars generally indicate volatility compression, which can generate breakout opportunities.
Outside Bar Detection
- Identifies bars that break both the high and low of the previous bar.
- Outside bars can indicate strong continuation of the movement or possible reversals, depending on the market context.
Strong Bar Detection
The indicator highlights bars whose body is larger than the body of the previous X bars (configurable).
This allows you to quickly identify moments when strong momentum enters the market.
Example:
Green ā buying strength
Red ā selling strength
Automatic Round Numbers
- The indicator can automatically draw round number levels on the chart.
These levels often function as psychological support and resistance zones used by many traders.
All parameters are fully configurable!
Smart Moving Average
- The moving average changes color dynamically according to market momentum.
When a consistent sequence of bars in the same direction occurs:
- Green ā buying momentum
- Red ā selling momentum
- Yellow ā natural color of the average
This allows for quick identification of trend strength and momentum changes.
Ideal for traders who use:
- Price Action
- Bar reading
- Trend continuation strategies
- Breakout trades
- Momentum analysis
Advantages:
- Automatic detection of inside and outside bars
- Clear visual identification of market strength
- Automatic round number levels
- Dynamic moving average based on closing prices
- High customization capacity
