Because several persons were asking for it here an update version of the outsidebar indicator now showing a channel after an outsidebar occurred until the channel is breached by the close of a bar.
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if range>=SignalbarHeight*pipsize then if high>high[1] and low<low[1] and close<open then bear=1 bull=0 T=high Bo=low elsif low<low[1] and high>high[1] and close>open then bull=1 bear=0 T=high Bo=low else bear=0 bull=0 endif else bear=0 bull=0 endif offset=AverageTrueRange[14](close)*2 if bear then DRAWARROWDOWN(barindex, high+offset) coloured(255,0,0) r=255 g=0 b=0 elsif bull then DRAWARROWUP(barindex, low-offset) coloured(0,255,0) r=0 g=255 b=0 endif if T>0 and close>T then T=0 Bo=0 elsif Bo>0 and close<B then T=0 Bo=0 endif return T coloured(r,g,b) as "Top", Bo coloured(r,g,b) as "Bottom" |
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I use mt4
This indecater work in mt4
No, it won’t work in MT4. This is for ProRealTime (like everything you find on this website).
thanks..i try and tell you
Thanks for sharing!
On the other hand can we remove the vertical gray lines?
Sorry I mean vertical red / green line
Found: just remove “T coloured(r,g,b) as “Top”, Bo coloured(r,g,b) as “Bottom”… after return
Hi
I tried to use indicator in a strategy code. But backtesting is asking to define SignalbarHeight. How could I do ?
Tku
JC