This indicator looks for the Price Action OutSideVerticalBars (Outside bar) patterns and sets a signal pointer on the base bar and a pending order level on the signal bar. It also generates a signal about the detected pattern.

BUOVB - Bullish Outside Vertical Bar.

The signal bar completely covers the previous one, its Close price is above the High of the previous bar. Enter a trade at the breakthrough of the High of the signal bar + filter (5-10 points).

BEOVB - Bearish Outside Vertical Bar.

The signal bar completely covers the previous one, its Close price is below the Low of the previous bar. Enter a trade at the breakthrough of the Low of the signal bar + filter (5-10 points).

The indicator has eight external parameters:

• Draw Patterns - draw the graphical representation of the pattern
• The color of Bullish pattern
• The color of Bearish pattern
• Fill or frame pattern - fill the pattern with a color or draw only a frame
• Width of the frame pattern
• Use alerts - notify about a pattern
• Send Push-notifications - send push-messages about the found pattern
• Send mail - send e-mail about the found pattern