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FindOutsideVerticalBars 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. It also generates a signal about the detected pattern.

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 eight external parameters:

  • Draw Patterns - draw the graphical representation of the pattern
  • The color of Bullish pattern
  • The color of Bearish pattern
  • Fill or Frame pattern - fill the pattern with a color or draw only a frame
  • Width of the frame pattern
  • Use Alerts - notify about a pattern
  • Send Push-notifications - send push-messages about the found pattern
  • Send mail - send e-mail about the found pattern
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Version 1.2 - 2014.05.06
Added Mail and Push messages.