OPEN-SOURCE SCRIPT

Previous Candle + Inside/Outside

Actualizado
The script uses the previous candle of the current timeframe to assess the state of the current candle.

1. Previous candle high/low and midpoint are displayed
2. Highlights current bar if INSIDE previous candle
3. Highlights current bar if POTENTIAL OUTSIDE bar. This condition uses the logic that if the previous high/low has been swept and price then reaches previous bar 50%, then an OUTSIDE bar is possible.
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4. If current candle breaks previous high/low, a label is added to identify.
5. If above condition is true and current candle color is opposite of previous, then label is highlighted to show possible bull/bear condition.
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6. If current candle live price is below previous midpoint, a BEAR label is shown
7. If current candle live price is above previous midpoint, a BULL label is shown

I personally use the indicator on Daily/Weekly/Monthly charts to help with my overall market assessment. However users may find their own use for the indicator...or modify it to their own preferences.

As ever, the indicator should only be used with live trading accounts after thorough backtesting using a large data range.
Notas de prensa
Improved logic for previous candle liquidity sweep. Now highlights if current candle closes with H/L of previous candle.
Improved logic for Outside Bar
Added minimum TF option, so users can choose to display on HTFs only (such as D/W/M)
Candlestick analysisforecastingInside Baroutsidebarprevious

Script de código abierto

Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.

¿Quiere utilizar este script en un gráfico?

Exención de responsabilidad