A very simple indicator drawing an arrow up/below an bullish/bearish outsidebar. You can adapt the height of the signal candle in the setting.
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//SignalbarHeight=5 if range>=SignalbarHeight*pipsize then if high>high[1] and close<low[1] then bear=1 bull=0 elsif low<low[1] and close>high[1] then bull=1 bear=0 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) elsif bull then DRAWARROWUP(barindex, low-offset) coloured(0,255,0) endif return |
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Thanks for sharing!
On the other hand can we remove the vertical gray lines?
Appreciated! Thanks 100%
good afternoon when i enter the code i get an error message Syntax error