This indicator looks for the Price Action patternOutside Vertical Bar) and puts the signal pointer on the base bar and the level for the pending order on the signal bar.

BUOVB (Bullish Outside Vertical Bar) – bullish outside vertical bar.

The signal bar completely covers the previous one, its closing price is higher than the maximum of the previous bar. The entry is made when the maximum of the signal bar filter is broken (5-10 points).

BEOVB (Bearish Outside Vertical Bar) – bearish outside vertical bar.

The signal bar completely covers the previous one, its closing price is lower than the minimum of the previous bar. The entry is made when the minimum of the signal bar filter is broken (5-10 points).

The indicator has six external parameters:

• Draws patterns – whether to output graphic objects (whether to label the pattern with a rectangle).
• The color of pattern up – the color for long objects.
• The color of pattern down – color for short objects.
• Frame or Fill pattern-draw a pattern with a frame or fill
• Width of the frame pattern – the thickness of the lines of the rectangle of the pattern, when selecting Frame in the Frame or Fill pattern setting
• Style frame line – the style of the pattern frame line when Width of the frame pattern = 1. If the thickness is greater than 1, then the line is solid