This indicator looks for the Price Action OutSideVerticalBars (Outside bar) patterns and sets a signal pointer on the base bar and a pending order level on the signal bar and generates a signal that a pattern has been found.
BUOVB - Bullish Outside Vertical Bar.
The signal bar completely covers the previous one, its Close price is above the High of the previous bar. Enter a trade at the breakthrough of the High of the signal bar + filter (5-10 points).
BEOVB - Bearish Outside Vertical Bar.
The signal bar completely covers the previous one, its Close price is below the Low of the previous bar. Enter a trade at the breakthrough of the Low of the signal bar + filter (5-10 points).
The indicator has nine external parameters:
- Draws patterns - display graphical objects (mark the pattern with a rectangle).
- The color of pattern up - the color for the long objects.
- The color of pattern down - the color for short objects.
- Frame or Fill pattern - mark the pattern with a frame or a fill
- Width of the frame pattern - pattern rectangle line thickness, if Frame is selected in the Frame or Fill pattern
- Style frame line - style of the pattern frame line at Width of the frame pattern = 1. If the thickness is greater than 1, then the line is solid
- Use Alerts - notify about an identified pattern using alerts
- Send Push-notifications - send push notifications to your mobile device
- Send mail - send notification to your e-mail
