4C Inside/Outside BarThis indicator colors the candle body based on whether it closed as an Inside Bar (IB) or an Outside Bar (OB).
Inside and outside bars can be powerful triggers to enter or exit trades from, when price breaks above or below the candle.
The coloring of only the body and not the border of the candle makes it possible to still know whether the candle was bullish/bearish.
This indicator has the unique ability to add/hide labels for each IB and OB.
Small labels are printed on the chart directly below the candle. (See below)
It also has the unique ability to paint the chart background when an IB forms directly after an OB.
This is a special combination of the two, and can also be a powerful signal.
This feature can be turned on/off. (See below)
Thanks to Craig Stine, as some parts of this indicator were adapted from Custom Candle color Inside/Outside candles, Highwave, Star Patt. by Craig_Stine
