Dunnigan Bars — Indicator by HPotter

dunnigan BARS

dunnigan bars

This displays "Dunnigan Bars," which is defined as:
Higher High and High Low = Green Color
Lower High and Lower Low = Red Color
Inside Bar = Black Color
Outside Bar = Yellow Color

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?

////////////////////////////////////////////////////////////
//  Copyright by HPotter v1.0 20/08/2014
// This displays "Dunnigan Bars," which is defined as:
// Higher High and High Low = Green Color
// Lower High and Lower Low = Red Color
// Inside Bar = Black Color
// Outside Bar = Yellow Color
////////////////////////////////////////////////////////////
study(title = "Dunnigan Bars", overlay = true)
colr =	iff(high > high[1] and low > low[1], green,
	        iff(high < high[1] and low < low[1], red, 
	            iff(high < high[1] and low > low[1], black,
	                iff(high > high[1] and low < low[1], yellow, na))))
barcolor(colr)