Inside Bars — Indicator by onali.ismail

inside BAR candle

inside bar candle

Inside bars coloured white by default. The colour can be modified.

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 O Ismail v1.0 06/01/2015
// This displays "Inner Bars," which is defined as:
// Inside Bar = White Color
////////////////////////////////////////////////////////////
study(title = "Inside Bars", overlay = true)
colr =	iff(high < high[1] and low > low[1], white, na)
barcolor(colr)