Does anyone know how I can scan intraday for stocks making an outside bar in the 1 minute 5 minute or 10 minute time frames -- any suggestions would be GREATLY appreciated. THANK YOU
Intraday outside bar scanner
- Thread starter drukes1234
- Start date
I think TRADESTATION has this capability...
Trade-ideas doesn't have that
Outside bar means current bar (which will be closed any moment) covers up previous bar from it's low-to-high range.
-----------------------------------------------------------------------------
{ The IntrabarOrderGeneration attribute is set to false in this strategy because strategy calculations depend on end-of-bar prices. Specifically, end of bar high, low, and close prices are used in this strategy to identify an "outside bar". }
[IntrabarOrderGeneration = false]
if High > High[1] and Low < Low[1] and Close > Open then
Buy ( "OutBarLE" ) next bar at market ;
-----------------------------------------------------------------------------
{ The IntrabarOrderGeneration attribute is set to false in this strategy because strategy calculations depend on end-of-bar prices. Specifically, end of bar high, low, and close prices are used in this strategy to identify an "outside bar". }
[IntrabarOrderGeneration = false]
if High > High[1] and Low < Low[1] and Close > Open then
Buy ( "OutBarLE" ) next bar at market ;
Not sure if you're typing out a code for tradestation or something but it looks like you're setting it to buy. I don't buy off outside bars I just want to be alerted when an outside bar occurs.
If you need just to be alarted then:
[IntrabarOrderGeneration = false]
if High > High[1] and Low < Low[1] and Close > Open then alert=true;
The Whole bold parts are code for outside bar pattern, and red part decides if it's bullish or bearish outside bar, in above case it's bullish.
Thank you very much -- just to clarify -- this is for tradestation, right?
?