Time - Bar Status

7월 5일

Candlestick analysis
The Indicator "Bar Status" will display the current open candle state and the last three close candles state based on the logic below.

Abbreviations.
OC = Open Candle (if in no state listed below)
FB = False Break
BO = Break Out
IN = Inside Bar
FBR = False Break Reversal

Logic:
OC = This is the current open candle yet to close. Its status will change as it progresses through time until close.

Green False Break Revers (FBR) = bar Close is higher than previous bar Close AND bar High is higher than previous bar High AND bar Low is lower than previous bar Low.
Green False Break (FB) = bar Close is lower than previous bar High AND bar High is higher than previous bar High.
Green Breakout (BO) = bar Close is higher than previous bar Close AND bar High is higher than previous bar High.
Green Inside Bar (IN) = bar High is lower than previous bar High AND bar Low is higher than previous bar Low.

Red False Break Revers (FBR) = bar Close is lower than previous bar Close AND bar Low is lower than previous bar Low AND bar High is Higher than previous bar High.
Red False Break (FB) = bar Close is higher than previous bar Low AND bar Low is lower than previous bar Low.
Red Breakout (BO) = bar Close is lower than previous bar Close AND bar Low is lower than previous bar Low.
Red Inside Bar (IN) = bar High is lower than previous bar High AND bar Low is higher than previous bar Low.

The end column is the current open candle/bar.
The second from the end column is the last closed candle/bar.
The third from the end column is the second closed candle/bar.
The forth from the end column is the third closed candle/bar.
=============================================================
Also Includes candle countdown timer, of various candles. i.e. 4 hour, 1 hour, 15min, 5 min.