OPEN-SOURCE SCRIPT
Inside / Outside Bars
This indicator highlights Inside Bars and Outside Bars directly on the chart, helping identify consolidation and expansion phases in price action.
Key Features:
Inside Bar Detection
An Inside Bar is a candle whose high and low are fully contained within the range of the previous candle.
This typically signals consolidation, reduced volatility, and potential buildup before a breakout.
Outside Bar Detection
An Outside Bar is a candle whose high is higher than the previous high and whose low is lower than the previous low.
This reflects range expansion, increased volatility, and possible reversal or continuation momentum.
Visual Highlighting
Inside and Outside Bars are clearly marked on the chart with customizable colors, allowing quick recognition without manual analysis.
Clean and Minimal Design
-The indicator is designed to avoid clutter, focusing only on key price action signals.
-Works on Any Market
-Can be applied to crypto, forex, stocks, and indices.
Use Cases:
-Identify breakout setups after consolidation (Inside Bars)
-Spot volatility expansion and potential reversals (Outside Bars)
-Combine with higher timeframe levels and liquidity concepts for improved decision-making
This tool is built for traders who rely on pure price action and want a clear, automated way to track key candle patterns.
Key Features:
Inside Bar Detection
An Inside Bar is a candle whose high and low are fully contained within the range of the previous candle.
This typically signals consolidation, reduced volatility, and potential buildup before a breakout.
Outside Bar Detection
An Outside Bar is a candle whose high is higher than the previous high and whose low is lower than the previous low.
This reflects range expansion, increased volatility, and possible reversal or continuation momentum.
Visual Highlighting
Inside and Outside Bars are clearly marked on the chart with customizable colors, allowing quick recognition without manual analysis.
Clean and Minimal Design
-The indicator is designed to avoid clutter, focusing only on key price action signals.
-Works on Any Market
-Can be applied to crypto, forex, stocks, and indices.
Use Cases:
-Identify breakout setups after consolidation (Inside Bars)
-Spot volatility expansion and potential reversals (Outside Bars)
-Combine with higher timeframe levels and liquidity concepts for improved decision-making
This tool is built for traders who rely on pure price action and want a clear, automated way to track key candle patterns.
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.
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.