Outside Bar Failure Updated!

249 3 35
Great update -> choose the size of the wick that fails the OD range.
I will try to implement this for inside day failure as well.
This will improve the stats of this failed PA play.

Remove from Favorite Scripts Add to Favorite Scripts
study(title = "OF V1", overlay = true)
showlabel = input(title="Show label", type=bool, defval=true)

pctP = input(50, minval=1, maxval=99, title="Percentage Input For PBars, What % The Wick Of Candle Has To Be")
pblb = input(1, minval=1, maxval=100, title="PBars Look Back Period To Define The Trend of Highs and Lows")

//PBar Percentages
pctCp = pctP * .01
pctCPO = 1 - pctCp

range = high - low

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

bearishobbf = ((outsidebar and (high > high[1] and close < high[1]) and open < high - (range *  pctCp) and close < high-(range * pctCp) and high >= highest(pblb) ? 1 : 0))
bullishobbf = ((outsidebar and (low < low[1] and close > low[1]) and open > high - (range * pctCPO) and close > high - (range * pctCPO) and low <= lowest(pblb) ? 1 : 0))

barcolor(bearishobbf ? white : na, 0, true, "OF")
plotshape(showlabel ? bearishobbf : na, title= "OF", location=location.abovebar, color=white, style=shape.arrowdown, text="OF")

barcolor(bullishobbf ? white : na, 0, true, "OF")
plotshape(showlabel ? bullishobbf : na, title= "OF", location=location.belowbar, color=white, style=shape.arrowup, text="OF")

AleksanderThor AleksanderThor
Implemented for inside day failure as well.
ChatchaiVong AleksanderThor
now can sell or not , thank so much
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out