outsidebar trading code

• 06/30/2025 at 6:05 PM #248598
  tonb

  Can someone help me, i get an error with outsidebar code: the following variable is not defined: Signalbarheight

  //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

  

  tonb

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  06/30/2025 at 7:03 PM #248599
  robertogozzi

  Uncomment line 1 (remove the two leading slashes).

   

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  tonb

  

  robertogozzi

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  06/30/2025 at 7:04 PM #248600
  JC_Bywan

  Hi,

  try deleting the // at beginning of the first line: //SignalbarHeight=5

  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

  2 users thanked author for this post.

  Iván, tonb

  

  JC_Bywan

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  06/30/2025 at 7:05 PM #248602
  JC_Bywan

  (Roberto was faster)

  1 user thanked author for this post.

  robertogozzi

  

  JC_Bywan

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  07/08/2025 at 8:06 PM #248737
  tonb

  Can someone help me, i get the following message when i want to add an alert to the oudsidebar code: not possible because it contains an undefined value

  

  tonb

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  07/09/2025 at 11:10 AM #248752
  GraHal

  What code are you using to define your outside bar?

  

  GraHal

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  07/09/2025 at 12:09 PM #248753
  tonb

  This  is de code i use.

   

  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

  

  tonb

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  07/09/2025 at 12:19 PM #248754
  GraHal

  Have you got the word ‘Return’ at the end of your code that you are using (it needs to be for the code to work)?

  I say above because ‘Return’ is not visible at the end of the code you posted above.

  

  GraHal

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  07/09/2025 at 12:39 PM #248756
  tonb

  Yes the code contains return at the end see the first post

  

  tonb

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  07/09/2025 at 12:54 PM #248757
  GraHal

  So using the attached Settings for Alerts … which conditions are you using to try and set an Alert for the Outside bar?

  As you cannot set an Alert for when an ‘Arrow’ is visible –  the only other option surely – is you would need to set conditions for all the Conditions that make up the Indicator (and thus be independent of the Indicator code producing Arrows??) ?

  Maybe I need more coffee?? 🙂

  

  GraHal

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  07/09/2025 at 1:37 PM #248759
  GraHal

  Idea – rejig the code so it gives a ‘1’ for red / down arrow and ‘2’ for green / up arrow and then add the Indicator in it’s own / separate chart (below price) then set an Alert on the values ‘1’ and ‘2’ ?

  

  GraHal

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  07/09/2025 at 4:15 PM #248765
  robertogozzi

  The last code you posted (after appending RETURN), works like a charm on different timeframes and different units:

  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

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

  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

  In any case I suggest using this simplified version:

  SignalbarHeight=5 bear=0 bull=0 if range>=SignalbarHeight*pipsize then if high>high[1] and close<low[1] then bear=1 elsif low<low[1] and close>high[1] then bull=1 endif 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

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17

  SignalbarHeight=5 bear=0 bull=0 if range>=SignalbarHeight*pipsize then    if high>high[1] and close<low[1] then       bear=1    elsif low<low[1] and close>high[1] then       bull=1    endif 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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  tonb

  

  robertogozzi

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  07/09/2025 at 4:17 PM #248768
  GraHal

  Here you go.

  Add the code below as a ‘New Panel’ and then set Alert on value = 1 (bull) or value = -1 (bear)

  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 bear = -1 //DRAWARROWDOWN(barindex, high+offset) coloured(255,0,0) elsif bull then bull = 1 //DRAWARROWUP(barindex, low-offset) coloured(0,255,0) endif Return bear, bull

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26

  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 bear = -1 //DRAWARROWDOWN(barindex, high+offset) coloured(255,0,0) elsif bull then bull = 1 //DRAWARROWUP(barindex, low-offset) coloured(0,255,0) endif Return bear, bull

   

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  GraHal

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  07/09/2025 at 7:38 PM #248771
  tonb

  Thanks for figuring it out, unfortunattley i’m not knowledgeable enough to implement this in the code

  

  tonb

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  07/09/2025 at 7:41 PM #248772
  tonb

  Sorry i’m only now seeing the code, thanks for looking it up

  

  tonb

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