Inside Bar: A candle that is completely contained within the high-low range of the previous candle
Outside Bar: A candle that completely engulfs the high-low range of the previous candle (also called an "Engulfing Bar")
Visual Display
- Colored Rectangles: Draws colored boxes around the candle bodies
- Yellow for Inside Bars
- Light Pink for Outside Bars
- Customizable Appearance: Adjustable colors, background placement, and border width
- Toggle Visibility: Separate switches for Inside Bars and Outside Bars
- Maximum Display: Limit how many patterns show simultaneously
- Background Placement: Choose whether boxes appear behind or in front of price action
Inside Bars
- Consolidation Signals: Indicates market indecision/compression
- Breakout Setup: Often precedes significant price moves
- Continuation Patterns: Can signal pause in trend before continuation
Outside Bars
- Reversal Signals: Often indicates potential trend changes
- Engulfing Patterns: Classic candlestick reversal signal
- Momentum Shifts: Shows dominance of buyers/sellers over previous period
