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Aussenstab

5

The outside bar indicator shows a range of inside bars and the breakout up and down from the range. The breakout is always displayed at the start of a new range and is extended until another breakout.

The calculation always takes place at the start of a new candle. So it is displayed accordingly in all time frames.

In inside bar (  insidebar ) trading you can see the top and bottom of a range.

In outside bar (  outsidebar ) trading, the breakout from a range and thus the trend following.

The colors can be customized in the options.


Have Fun!


Reviews 3
TEEE Teee
49
TEEE Teee 2024.07.10 18:48 
 

I really love this indicator. Thank you

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The utility draws pivot levels for the selected timefram in classic method. Pivot = (high + close + low) / 3 R1 = ( 2 * Pivot) - low S1 = ( 2 * Pivot) - high R2 = Pivot + ( high - low ) R3 = high + ( 2 * (Pivot - low)) S2 = Pivot - (high - low) S3 = low - ( 2 * (high - Pivot)) you can change the timeframe, colors and fontsize. also you can change the text for the levels. Have fun and give feedback...
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mb_tradexp
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mb_tradexp 2024.10.08 21:12 
 

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Ninell
34
Ninell 2024.07.12 08:00 
 

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TEEE Teee
49
TEEE Teee 2024.07.10 18:48 
 

I really love this indicator. Thank you

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Version 1.20 2024.07.21
Version 1.20

- Better Performance
- Last rectangle draws to the end of the day for better visibility