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Find Outside Vertical Bars

This indicator looks for the Price Action Outside Vertical Bar patterns and sets a signal pointer on the base bar and the level of a pending order on the signal bar.

BUOVB - Bullish Outside Vertical Bar.

The signal bar completely covers the previous one, its Close price is above the High of the previous bar. Enter a trade at the breakthrough of the High of the signal bar + filter (5-10 points).

BEOVB - Bearish Outside Vertical Bar.

The signal bar completely covers the previous one, its Close price is below the Low of the previous bar. Enter a trade at the breakthrough of the Low of the signal bar + filter (5-10 points).

The indicator has six external parameters:

  • Draws patterns - display graphical objects (mark the pattern with a rectangle).
  • The color of pattern up - the color for the long objects.
  • The color of pattern down - the color for short objects.
  • Frame or Fill pattern - mark the pattern with a frame or a fill
  • Width of the frame pattern - pattern rectangle line thickness, if Frame is selected in the Frame or Fill pattern
  • Style frame line - style of the pattern frame line at Width of the frame pattern = 1. If the thickness is greater than 1, then the line is solid
Nork
3494
2016.04.11 02:04 
 

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Rodrigo da Silva Boa
7099
2016.01.17 01:37 
 

User didn't leave any comment to the rating