OutSide Bar Strategy — TradingView (2024)

FAQs

What is the outside bar strategy in TradingView? ›

The OutSide Bar strategy is one way to bet on who is in control - the bulls or the bears. The strategy looks for bars that are larger than the bar before it and that move in the same direction.

The moving average crossover strategy involves the use of two or more moving averages of different lengths. Traders look for a crossover of shorter-term moving averages above or below longer-term moving averages to identify potential buy or sell signals. This strategy aims to capture trends and reversals in the market.

Bollinger Bands is also one of the best and most used indicators in TradingView. It is a useful tool in technical analysis that follows the movement of the price of a stock or market index and uses the standard deviation to tell the volatility of the stock or the market index.

The size of the Inside Bar with respect to the mother Bar depicts how accurate the bar setup signal will be. The smaller the size of the Inside Bar compared to the Mother Bar, the higher the chance of the market signals being accurate and vice versa.

For Outside Bars, look to trade in the direction of the bar's closing. Set Stop Losses and Take Profits: Use the previous bar's high and low as a benchmark for setting stop losses. Determine your take profit level based on your risk-reward ratio.

Our analysis showed that all three strategies had a high win rate when using the beep boop indicator. However, the Macd/Bollinger Band strategy had a higher win rate than both Moving Average and Triple RSI.

We've introduced three most comprehensive packages (Expert, Elite and Ultimate) designed specifically for professional (commercial) users.

What is the best swing strategy on TradingView? ›

In conclusion, swing trading can be a profitable strategy when combined with the right set of indicators. The best swing trading indicators on TradingView include moving averages, RSI, Bollinger Bands, MACD, Stochastic Oscillator, Fibonacci Retracement, ATR, Ichimoku Cloud, and Volume Profile.

Triple top is a bearish chart pattern which is formed in an uptrend where three tops are lying on a flat horizontal resistance line and pattern will activate only when closing below the neckline or support. Pattern will activate only below the closing 3475 marks.

The leading indicator is helpful to identify early entries and exits (especially near support and resistance). Green = trend up Red = trend down How it works: The leading indicator calculates the difference between price and an exponential moving average.

A bullish outside reversal, also called a bullish engulfing, happens when the second candle is a move higher. For instance, a stock may make a small move lower on the first day, then open even lower than the prior day, but rally sharply higher by the end of the second day.

The InSide Bar Strategy is a candlestick pattern used to time entries with low risk. It can be used to follow and trade with a trend or show reversals within the market through its candles.

Bars Pattern drawing tool is unique to TradingView. It copies your price bars, creates a drawing out of them and lets you drag it around the chart.

exit() when you want to exit when the price reaches to a calculated value (TP/SL). In fact, you must have at least one of the following parameters: profit , limit , loss , stop or else it will throw an error. To close the position at market price, use strategy. close() .