OPEN-SOURCE SCRIPT
Outside Bar 4 Hour Daily & Weekly Indicator
This indicator alerts you to outside bars occurring, both bullish and bearish. An outside bar is when the entirely of the candle engulfs the entirety of the previous candle. These outside bars can signal the changing of a trend, and are worth watching for.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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