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Find Outside Vertical Bars with Alerts

This indicator looks for the Price Action OutSideVerticalBars (Outside bar) patterns and sets a signal pointer on the base bar and a pending order level on the signal bar and generates a signal that a pattern has been found.

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 nine 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
  • Use Alerts - notify about an identified pattern using alerts
  • Send Push-notifications - send push notifications to your mobile device
  • Send mail - send notification to your e-mail
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