DinexSpace Inside Outside Bar Highlighter
- Indicatori
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DinexSpace - studio di automazione del trading per MetaTrader 5.
Validiamo la tua idea di trading con costi reali in due fasi prima di programmarla. Se l'idea non supera la validazione ci fermiamo e non paghi il robot.
Storico live - Versione: 1.0
Inside/Outside Bar Highlighter colours two common candle patterns so they are easy to spot on any chart:
- Inside bar: the bar's high is below the previous high and its low is above the previous low. The range has contracted inside the previous bar.
- Outside bar: the bar's high is above the previous high and its low is below the previous low. The range has expanded beyond the previous bar on both sides.
How it works
- The indicator draws a coloured candle on top of each matching bar. Inside bars are amber and outside bars violet by default.
- The colours are neutral on purpose: they mark the pattern, not a direction. They can be changed on the Colors tab.
- An option counts equal highs or lows as well (≤ and ≥ instead of < and >), which suits instruments with coarse price steps.
- All other bars are left untouched, so your normal chart colours stay as they are.
- The four candle values are indicator buffers. Another program can read them with iCustom: a non-empty value means the bar matched.
Inputs
Inside bars on/off, outside bars on/off, count equal highs/lows.
Limits
- The current bar can change pattern until it closes.
- The patterns describe the shape of the candles only. The indicator does not judge whether a pattern is meaningful.
The indicator only colours candles. It does not trade or give signals.
