//@version=5
indicator("barcolor example", overlay = true)
isUp = close > open
isDown = close <= open
isOutsideUp = high > high[1] and low < low[1] and isUp
isOutsideDown = high > high[1] and low < low[1] and isDown
isInside = high < high[1] and low > low[1]
barcolor(isInside ? color.yellow : isOutsideUp ? color.aqua : isOutsideDown ? color.purple : na)
Overview
Barcolor Example draws directly on the price chart by altering the color of qualified bars. Inside bars are colored yellow, bullish outside bars are highlighted in aqua, and bearish outside bars are marked in purple. All other bars retain their default chart color. The script contains no user-adjustable settings, alert conditions, or automated trade signals, functioning primarily as a visual pattern demonstration.
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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