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Outside Bar

Written by Administrator Monday, 31 July 2006 10:00
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The Outside Bars scan searches for when a bar's high is higher than the previous bar's high and when the low is lower than the previous bar's low.

Properties

The above settings would scan for when a bar's high is higher than the previous bar's high and when the low is lower than the previous bar's low. The Outside Bar scan would be applied to a Daily chart.

Period Type

This setting sets the period type to use when calculating the Outside Bar Scan. For example, by selecting Daily the outside bar scan will be calculated off a day bar period (a daily chart), if it was set to Weekly, it would be calculated off a Weekly bar period (a weekly chart). You can select from the following options.

  • Daily
  • Weekly
  • Monthly
  • Yearly

Description

The Outside Bars scan searches for when a bar's high is higher than the previous bar's high and when the low is lower than the previous bar's low.

Properties

The above settings would scan for when a bar's high is higher than the previous bar's high and when the low is lower than the previous bar's low. The Outside Bar scan would be applied to a Daily chart.

Period Type

This setting sets the period type to use when calculating the Outside Bar Scan. For example, by selecting Daily the outside bar scan will be calculated off a day bar period (a daily chart), if it was set to Weekly, it would be calculated off a Weekly bar period (a weekly chart). You can select from the following options.

  • Daily
  • Weekly
  • Monthly
  • Yearly
Last modified on Wednesday, 28 April 2010 16:36