This indicator is looking for the Price Action OutSideVerticalBars pattern (External Bar), puts a signal pointer on the base bar, the level for the pending order on the signal bar and signals the found pattern.

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

The signal bar completely overlaps the previous one, its closing price is higher than the maximum of the previous bar. The input is carried out at the breakdown of the maximum of the signal bar filter (5-10 points).

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

The signal bar completely overlaps the previous one, its closing price is below the minimum of the previous bar. The entry is carried out when the minimum of the signal bar filter is broken (5-10 points).

The indicator has nine external parameters:

• Draws patterns – whether to display graphic objects (whether to designate the pattern as a rectangle).
• The color of pattern up – color for long objects.
• The color of pattern down is the 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 rectangle lines 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
• Use Alerts – notify alerts about the found pattern
• Send Push notifications – send push notifications to your mobile
• Send mail – send an alert to your e-mail