by 
BarUpDn Long Strategy executes long trades based on price bar directional movements and previous bar closes. It places a long stop order above the current high when a bullish candle opens above a prior close. Because short entries are restricted to exiting lon
Strategy · Pine Script v5 · On the chart
IBOB Inside Bar Outside Bar
A Pine v5 strategy that trades an outside bar after one or more inside bars.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code88
Settings6inputs
LicenceNone stated
Last update8 months ago16 Feb 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
An inside bar has a lower high and higher low than the bar before it, and an outside bar exceeds both. After the chosen number of consecutive inside bars, an outside bar closing up opens a long and one closing down opens a short. Each trade gets an ATR-based stop and target. Size is 10 percent of equity, pyramiding is off, and signal markers, background and alerts are included.
- Inside bar followed by outside bar pattern
- Configurable number of consecutive inside bars
- ATR stop loss and take profit on every trade
- Signal triangles, pattern background and alerts
Details
Published by
Tradehook-org on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Candlestick patterns, Breakout
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| ATR Period | integer | 14 | atrPeriod |
| Stop Loss Multiplier (ATR) | float | 2.0 | slMultiplier |
| Take Profit Multiplier (ATR) | float | 4.0 | tpMultiplier |
| Inside Bar Lookback (Consecutive IBs) | integer | 1 | ibLookback |
| Show Entry Signals | bool | true | showSignals |
| Show Background Color | bool | true | showBG |
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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