My version of the Narrow range bar allows for a buy and sell trigger depending on the current bar against the EMA of the last 4 bars. It gives a buy signal when the bar is below the 4 period EMA or a sell when the Bar is above the 4 period ema. This is available as a free indicator from various places including the Ninja Trader website, however mine can be called from a strategy and has a directional bias.

Download the Raefontrading pack with a 30 day free trial from the indicators page.

Cost $50 Australian. All sales are final please do the 30 day free trial before buying.

Here it is working within a strategy.