Outside Bar Scanner (Alessio)

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Outside Bar Scanner
Description:

The Outside Bar Scanner is a powerful indicator designed to automatically detect outside bars (or outside candles) on any timeframe. This tool is perfect for traders who want to quickly spot reversal or trend continuation opportunities based on one of the most significant patterns in technical analysis.

Key Features:

Automatic Detection of Outside Bars:

Identifies and marks bullish (long) and bearish (short) outside bars directly on the chart.
Each outside bar is highlighted with a label and an icon for clear visibility.
Previous Candle High and Low Lines:

Draws two horizontal lines indicating the high and low of the candle preceding the outside bar.
These lines help you quickly identify key support and resistance levels.
Built-In Alerts:

Receive real-time notifications whenever a new outside bar is detected, so you’ll never miss a trading opportunity.
How to Use:

Add the indicator to your chart and let it automatically detect outside bars, marking key high and low levels.
Use the alerts to get notified whenever a new outside bar forms.
Combine this indicator with other strategies or technical tools to enhance your analysis.
Perfect For:

Traders operating in any market (forex, stocks, cryptocurrencies, indices).
Short-term, medium-term, or long-term traders, as it works seamlessly across all timeframes.
Anyone looking to simplify their technical analysis and respond quickly to market signals.

Note: This indicator is a support tool and does not provide direct trading signals. It is recommended to combine it with other analyses for well-informed decision-making.