Outside Bars and/or Inside Bars (Candle) Combinations For ThinkOrSwim

[Thepremier]

Can someone help me with a script for an outside day and and an inside day? I would like to create a scan for them.

 

[MerryDay]

Great scrip!!!! Is there a way to make a chart alert? for this?

Add this to the bottom of script:

plot ChartAlert = insidebar or outsidebar;
     chartAlert.hide();

 

[pundit]

I am using the above logic but I am seeing some inconsistencies - It seems it does not highlight all the candles that are inside -

#########################
# Inside and Outside Bar
# Mobius
# 8.7.2017

def inside = high < high[1] and low > low[1];
def outside = high > high[1] or low < low[1];
AssignPriceColor(if inside
then color.yellow
else if outside
then color.GRAY
else color.current);
#
########################https://ibb.co/bztrRWb

https://ibb.co/bztrRWb

I understand the logic ..........I have tried chart bubble also and bubble works. But the color of the candle is off

 

[MerryDay]

I am using the above logic but I am seeing some inconsistencies - It seems it does not highlight all the candles that are inside -

#########################
# Inside and Outside Bar
# Mobius
# 8.7.2017

def inside = high < high[1] and low > low[1];
def outside = high > high[1] or low < low[1];
AssignPriceColor(if inside
then color.yellow
else if outside
then color.GRAY
else color.current);
#
########################https://ibb.co/bztrRWb

https://ibb.co/bztrRWb

I understand the logic ..........I have tried chart bubble also and bubble works. But the color of the candle is off

The yellow candle is defined according to the script that you included in your post.
The chart bubble is obviously using a definition in a script that you didn't share.

Modify the inside bar definition of the script coloring your candle to match the inside bar definition in your chart bubble.

 

[halcyonguy]

I am using the above logic but I am seeing some inconsistencies - It seems it does not highlight all the candles that are inside -

#########################
# Inside and Outside Bar
# Mobius
# 8.7.2017

def inside = high < high[1] and low > low[1];
def outside = high > high[1] or low < low[1];
AssignPriceColor(if inside
then color.yellow
else if outside
then color.GRAY
else color.current);
#
########################https://ibb.co/bztrRWb

https://ibb.co/bztrRWb

I understand the logic ..........I have tried chart bubble also and bubble works. But the color of the candle is off

Why do you say 'the logic above', and then list code 'below' your words? Are you referencing an entirely different code somewhere? If so, mention the post number. (there are 82 posts before yours, so it's hard to to tell which 'post above' you are referring to).
if you click on a post number, the web link is updated to point to that post. then copy/paste the link when you make a post of your own.

can you list A stock and chart time of where you see these differences?
What exactly are you looking for that you are not seeing?
the formula for a one bar inside pattern looks right, so it should be working..

I was going to say, the outside formula is wrong, but it's just a different way of doing it. Below is a link to what I have seen, A large bar that is larger than the previous bar.


inside bar
large bar, then smaller one
https://priceaction.com/price-actio...e bar” pattern is,than the previous bar's low.


outside bar
small bar, then larger one
https://www.newtraderu.com/2021/10/29/outside-bar-candlestick-pattern/

 

[pundit]

Thanks for your reply......Let's try again.

1. I used the code from post #2
https://usethinkscript.com/threads/...e-combinations-for-thinkorswim.8336/post-1397

2. I looked up CCL on 5 Min chart
https://ibb.co/4WYKcc6

3. The code logic is - if it is an inside bar color should be cyan. That is what I understand but I am seeing "4" inside bars that are green.

Now, I am aware of the fact the last line "else color.current" was the cause of my confusion. In the case of 4 inside bars that were painted green high or low were equal to the previous bar thus the last line of the code was executed.

Now the question is, what do you call a bar when its high or low is equal to the high or low of the previous bar?

 

[AlphaOptions]

Can anyone help me with my attempt here to simply identify outside (engulfing) bars but painting the bar / candle.

# Outside Bar Colored


def outsideBarID = high > high [1] and low < Low [1];

def bar = barNumber();

AssignPriceColor(if bar == outsideBarID

then color.plum

else color.current);