Outside reversal bar screener

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01/04/2021 at 9:13 PM #156350 quote

TheN00b
Participant

Junior

It’s like this.

The present candlesticks (after closing) range is higher & lower than the previous candlesticks range and closes above the prevoius bars high (bullish) or below the previous bars low (bearish)

The body of the candlestick does NOT need to engulf the prevoius body.

In short, the last candlesticks range engulfs the previous candlesticks range and closes above or below the high/low och the previous candlestick, no matter what colour the previous candlestick is (regardless of the pic below).

reference: https://www.prorealcode.com/topic/outside-reversal-bar-indicator/

01/04/2021 at 10:55 PM #156359 quote

robertogozzi
Moderator

Master

Give your topic a meaningful title.Describe your question or your subject in your title. Do not use meaningless titles such as ‘Coding Help Needed’.

Moreover, what’s your question?

01/07/2021 at 11:50 AM #156734 quote

Nobody
Participant

Veteran

robertogozzi wrote:

range is higher & lower

you need to be more specific because it cannot be both

01/07/2021 at 11:10 PM #156832 quote

TheN00b
Participant

Junior

I hope this might help explain it better,

https://backtestwizard.com/outside-bar-candlestick-patterns/

https://the5ers.com/outside-bar-candlestick/

thank you,

01/07/2021 at 11:34 PM #156834 quote

TheN00b
Participant

Junior

01/08/2021 at 12:17 AM #156837 quote

robertogozzi
Moderator

Master

Pics should be attached, rather than embedded within the text of your post, to make the forum load faster.

Thank you 🙂

01/08/2021 at 12:26 AM #156838 quote
robertogozzi
Moderator

Master
So you asking to code a screener that detects OUTSIDE:
1. when they show a gap at opening
2. when they make a swing point within the last N candles.
Got it. I’ll make it asap.
01/08/2021 at 12:39 AM #156839 quote
Vonasi
Moderator

Master
TheN00b – Please respect the few simple forum rules. I deleted the quote where you quoted yourself that then included massive images inserted into your post unnecessarily.
- Be careful when quoting others in your posts. Only use the quote option when you need to highlight a particular bit of text that you are referring to or to highlight that you are replying to a particular member if there are several involved in a conversation. Do not include large amounts of code in your quotes. Just highlight the text you want to quote and then click on ‘Quote’.
01/08/2021 at 9:34 AM #156863 quote
robertogozzi
Moderator

Master
There you go:
```
LB      = 40              //LookBack periods
Bullish = close > open
Bearish = close < open
// LONG  outside bar
L1      = (low = lowest[LB](low))
L2      = Bullish
L3      = (low < low[1]) AND (high > high[1])
// SHORT outside bar
S1      = (high = highest[LB](high))
S2      = Bearish
S3      = (low < low[1]) AND (high > high[1])
//
Result  = 0
IF L1 AND L2 AND L3 THEN
   Result = 1
ELSIF S1 AND S2 AND S3 THEN
   Result = 2
ENDIF
SCREENER[Result](Result AS "1=↑, 2=↓")
```
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01/09/2021 at 12:49 AM #157018 quote

TheN00b
Participant

Junior

thank you so very much 4 taking the time 2 code this. im gonna give it a go.

I notice it only found Bearish OUTSIDE Bar

Bearish-outside-Bar.png Bearish-outside-Bar2.png Bearish-outside-Bar-1.png Bearish-outside-Bar2-1.png

01/09/2021 at 1:13 AM #157023 quote

TheN00b
Participant

Junior

right now it only finds Bearish outside bar pattern. they works wonderfully when combine with Fibonacci , support and resistance.

Bullish-and-Bearish.png outside-day-bullish1.png

01/09/2021 at 1:17 AM #157026 quote

robertogozzi
Moderator

Master

I tested it and it could find both bearish and bullush patterns

Maybe too many items are returned, try to apply it to a shorter list.

TheN00b thanked this post

01/09/2021 at 1:34 AM #157032 quote

TheN00b
Participant

Junior

I tried it, it doesn’t find it.

see attachment, great example of… when combine with market structures and volume.

i hope im not asking too much. thank you

6444c167-eb41-454f-bddb-4426ec2f86f6.jpg

01/09/2021 at 5:22 AM #157034 quote

robertogozzi
Moderator

Master

You can replace 40 with a smaller value, down to 1.

01/16/2021 at 4:28 AM #158014 quote

TheN00b
Participant

Junior

very well. gonna try that. i will report back.

thank you
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