OPEN-SOURCE SCRIPT
Actualizado StO Price Action - Daily Outside Bar
Short Summary
- Outside Bar indicator with multiple range calculation algorithms
- Highlights where the current range fully engulfs the previous
- Works with Daily candles in Daily, H4, and H1 timeframes only
- Highlights the current bar when it engulfs the previous bar according to the selected method
Full Description
Overview
- Identifies bars where the current period's range fully engulfs the prior period's range
- Offers three algorithms for defining the engulfing range:
- High/Low: uses absolute high and low values
- Open/Close: considers candle direction (bull/bear) and compares opens and closes
- Open/Close II: stricter version with exclusive inequalities for engulfing
- Engulfing behavior is detected automatically and highlighted for easy recognition
- Works on multiple markets but restricted to D, H4, and H1 charts for accuracy
Controls
- Year lookback (YLB) configurable to filter older bars
- Custom background color for highlighting Outside Bars
- Simple toggle interface with minimal chart clutter
Visual Representation
- Highlights engulfing bars with configurable background color
- Color transparency adjustable for clarity
Usage
- Use to identify strong market momentum or potential reversals
- Helps spot high-probability setups based on engulfing price action
Notes
- Only compatible with Daily, H4, and H1 timeframes
- Non-repainting: once an Outside Bar is drawn, it will not adjust retroactively
- Best used as a market structure reference not a direct trade signal
- Outside Bar indicator with multiple range calculation algorithms
- Highlights where the current range fully engulfs the previous
- Works with Daily candles in Daily, H4, and H1 timeframes only
- Highlights the current bar when it engulfs the previous bar according to the selected method
Full Description
Overview
- Identifies bars where the current period's range fully engulfs the prior period's range
- Offers three algorithms for defining the engulfing range:
- High/Low: uses absolute high and low values
- Open/Close: considers candle direction (bull/bear) and compares opens and closes
- Open/Close II: stricter version with exclusive inequalities for engulfing
- Engulfing behavior is detected automatically and highlighted for easy recognition
- Works on multiple markets but restricted to D, H4, and H1 charts for accuracy
Controls
- Year lookback (YLB) configurable to filter older bars
- Custom background color for highlighting Outside Bars
- Simple toggle interface with minimal chart clutter
Visual Representation
- Highlights engulfing bars with configurable background color
- Color transparency adjustable for clarity
Usage
- Use to identify strong market momentum or potential reversals
- Helps spot high-probability setups based on engulfing price action
Notes
- Only compatible with Daily, H4, and H1 timeframes
- Non-repainting: once an Outside Bar is drawn, it will not adjust retroactively
- Best used as a market structure reference not a direct trade signal
Notas de prensa
Minor ChangesNotas de prensa
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Minor ChangesNotas de prensa
Minor ChangesScript de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.