Filtered Outside Bar

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# 📊 RSI Filtered Outside Bar – Indicator

**Overlay:** ✅ Yes (Plotted on price chart)
**Purpose:** Detects **bullish and bearish outside bars** filtered by RSI overbought/oversold conditions. Perfect for spotting reversals or continuation setups.

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## 🔹 Features

| Feature | Description |
| ------------------------- | -------------------------------------------------------------------------------------------------------- |
| **Outside Bar Detection** | Detects consecutive outside bars (user-configurable `Number of Outside Bars`) |
| **RSI Filter** | Only triggers if previous bar RSI is in overbought or oversold zones |
| **Signal Arrows** | Optional bullish (green) and bearish (red) arrows plotted on chart |
| **Signal Lines** | Optional horizontal lines at high/low of the outside bar with configurable length and color |
| **Customizable Inputs** | Users can adjust RSI period, overbought/oversold levels, line color, extension length, arrows visibility |

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## 🔹 Input Settings

**Outside Bar Settings:**

* Number of Outside Bars
* Show Arrow (✅/❌)
* Show Signal Lines (✅/❌)
* Signal Line Extension Length
* Signal Line Color

**RSI Settings:**

* RSI Length
* RSI Overbought Level
* RSI Oversold Level

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## 🔹 How It Works (Visual Explanation)

**1️⃣ Bullish Outside Bar Signal**

* Previous bars are bearish
* Current bar is an outside bar (high > previous high, low < previous low)
* RSI of previous bar in overbought/oversold zone

**Chart Example:**

```
High ──────────────●
│
Close ──────────● │
Open ──────────│● │
Low ──────────│ ●
Bullish Arrow ↓ (below bar)
Horizontal line at high & low
```

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**2️⃣ Bearish Outside Bar Signal**

* Previous bars are bullish
* Current bar is an outside bar
* RSI of previous bar in overbought/oversold zone

**Chart Example:**

```
High ──────────●│
Open ──────────│●│
Close──────────│ │●
Low ──────────●
Bearish Arrow ↑ (above bar)
Horizontal line at high & low
```

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## 🔹 Notes

* Works on **any timeframe**
* Overlay on price chart, so arrows and lines are visible directly on candles
* Lines extend automatically based on user-defined length
* Arrow color, size, and line color are configurable

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✅ **Trading Strategy Use Cases:**

* Spot potential **reversals** after RSI extremes
* Identify **high probability breakout bars**
* Combine with support/resistance or trend indicators