Inside Bar Breakout Failure

Simple indicator to highlight Inside Bar Breakout Failure patterns on chart.

Skript med en öppen källkod

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Vill du använda det här skriptet i ett diagram?
//FxLowe - Inside bar breakout failure.

study(title = "Inside Bar Breakout Failure", overlay = true)

outsidebar = (high >= high[1] and low <= low[1])
insidebar = ((high[1] <= high[2] and low[1] >= low[2]) and not(outsidebar))

bearishibbf=( insidebar and (high > high[1] and close < high[1]))
barcolor( bearishibbf ? white : na, 0, true, "Bearish Inside Bar Breakout Failure")
plotshape(bearishibbf, title= "Bearish Inside Bar Breakout Failure", location=location.abovebar, color=white, style=shape.arrowdown, text="Inside Bar\nBreakout Failure")

bullishibbf=(insidebar and (low < low[1] and close > low[1]))
barcolor( bullishibbf ? white : na, 0, true, "Bullish Inside Bar Breakout Failure")
plotshape(bullishibbf, title= "Bullish Inside Bar Breakout Failure", location=location.belowbar, color=white, style=shape.arrowup, text="Inside Bar\nBreakout Failure")