OPEN-SOURCE SCRIPT
Aggiornato 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
Note di rilascio
Minor ChangesNote di rilascio
Minor ChangesNote di rilascio
Minor ChangesNote di rilascio
Minor ChangesScript open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.