FxLowe

Inside Bar Breakout Failure

Update with toggle for text label.
Remove from Favorite Scripts Add to Favorite Scripts
//@version=2
//FxLowe - Inside bar breakout failure.

study(title = "Inside Bar Breakout Failure", overlay = true)
showlabel = input(title="Show label", type=bool, defval=true)

outsidebar = (high >= high[1] and low <= low[1])
insidebar = ((high[1] <= high[2] and low[1] >= low[2]) and not(outsidebar))

bearishibbf=( insidebar and (high > high[1] and close < high[1]))
barcolor( bearishibbf ? white : na, 0, true, "Bearish Inside Bar Breakout Failure")
plotshape(showlabel ? bearishibbf : na, title= "Bearish Inside Bar Breakout Failure", location=location.abovebar, color=white, style=shape.arrowdown, text="Inside Bar\nBreakout Failure")

bullishibbf=(insidebar and (low < low[1] and close > low[1]))
barcolor( bullishibbf ? white : na, 0, true, "Bullish Inside Bar Breakout Failure")
plotshape(showlabel ? bullishibbf : na, title= "Bullish Inside Bar Breakout Failure", location=location.belowbar, color=white, style=shape.arrowup, text="Inside Bar\nBreakout Failure")

Comments

How to use... Detail pse
Reply
Turns out label toggle is redundant. Deleting.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out