outside bar in candlestick pattern tool

Optuma Forums Optuma Feature Requests outside bar in candlestick pattern tool

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  • #66579
    Marc
    • Topics: 19
    • Replies: 32
    • Posts: 51

    The candlestick pattern tool has bullish engulfing and bearish engulfing pattern but I am interested in another type of engulfing where the low and the high of the previous candle is taken out. Could you pls add this to the candlestick pattern tool?

    Thanks and best regards

    Marc

    #66583
    Darren
    • Topics: 70
    • Replies: 827
    • Posts: 897

    Hi Marc,

    We have a BARTYPES function that you can use for outside bars. You can combine it with other logic if required eg close must be above the open, or above the midpoint:

     

    #66585
    Marc
    • Topics: 19
    • Replies: 32
    • Posts: 51

    Hi Darren,

    What I am after is the coloured background on the chart to identify where the outside bar occur. I use a script for that but I prefer the background colour if possible

    best
    Marc

    #68453
    Marc
    • Topics: 19
    • Replies: 32
    • Posts: 51

    Hi Darren,   I am trying to scan for an outside bar (as per described in the above attachment) in Monthly, Quarterly and Yearly time frames.

    I use the formula below:

    HIGH(month(PERIODAMOUNT=1)) > high(month(PERIODAMOUNT=1), OFFSET=1)
    and low(month(PERIODAMOUNT=1)) < low(month(PERIODAMOUNT=1), OFFSET=1)

    It does not work. It only works in Day and Week.

    Is there anyway to get it to work on higher timeframes?

    Thanks and best regard
    Marc

    #68483
    Marc
    • Topics: 19
    • Replies: 32
    • Posts: 51

    I found how to do it with the security selection menu.

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