Outside Bar

Modified on Thu, 28 Aug at 3:26 AM

VolSys's Outside Bar indicator allows you to display an overside bar of a higher time frame than the current chart.

See the following video tutorial: https://www.youtube.com/watch?v=frX_8m4C6U0



TABLE OF CONTENTS



Settings-of-Use

Clicking on the indicator settings icon will open the corresponding configuration window, within which 

you can make several choices regarding the functionality of the indicator itself.



General

  • <>

    Parameter-Type

Defines the parameter type of candles, specifically you can choose from Minutes, Days, Weekly, Vol Bars, Range, Months.

  • Parameter 1

Defines the parameter of Minute, Day, Weekly, Range and Month candles, as well as the Target of Vol Bars candles. 

  • Parameter 2

Defines the Reverse of Vol Bars candles.


Color

  • Delta-based color

Defines the color of Outside Bars based on delta


  • Color Mode

Defines the color mode of delta-based Outside Bars, specifically you can choose between Fade and Fixed.


  • Dev.st for coloring

Defines the standard deviation parameter for fading mode.


Plot

Defines whether to enable Outside Bars.


  • Border Thickness

Defines the thickness of the candle border.


  • Opacity Body

Defines the opacity of the candle body.


  • Opacity Shadow

Defines the opacity of the candle shadow.


  • Show Background

Enable candle background.


Range Target

If enabled it defines through lines the price level, maximum and minimum, of closing range candles.

It also allows you to determine the color, thickness and style of those lines.


Summary

Enables summary, showing the total volume, delta volume, total trades and delta trade of a defined number of Outside Bars.

In that section you can also change the color and size of the summary text.



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