Inside/Outside Bars

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Inside/Outside Bars Detector

This indicator identifies and visualizes Inside Bars and Outside Bars (Engulfing Bars) on your chart, helping traders spot potential breakout and consolidation patterns.

What are Inside/Outside Bars?

• Outside Bars (Outer Bars): Candles that break BOTH the high AND low of the previous candle. These represent periods of increased volatility and potential trend continuation or reversal. Marked with red triangle arrows by default.

• Inside Bars (Inner Bars): Candles where NEITHER the high NOR low breaks the previous candle's range. These represent consolidation and often precede significant price moves. Marked with orange triangle arrows by default.

Features:

✓ Visual arrows above bars for easy identification
✓ Fixed pixel-size arrows that remain visible at any chart zoom level
✓ Statistics table showing counts of outer bars, inner bars, and total bars analyzed
✓ Fully customizable with multiple settings

Customization Options:

• Toggle outer bars and inner bars independently
• Customize arrow colors for each pattern
• Show/hide the statistics table
• Adjust calculation bars (1000 default, max 5000)
• Set to 0 to analyze all available bars up to 5000

How to Use:

Inside bars often indicate consolidation before a breakout, while outside bars suggest increased volatility and potential momentum shifts. Use these patterns in conjunction with your trading strategy to
identify entry/exit points or to confirm trend direction.

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發行說明

percent added to stats table