Outside Days

Last modified 14:40, 5 Nov 2012

Outside Days

outsidays.gifOutside Days occur when the daily price of a security increases to a higher top and lower bottom compared with the previous day.

Outside days can be powerful signals, and on a 1 day swing chart will always provide a signal to ‘swing' the swing chart (unless it is immediately followed by another outside day).

An Outside Day occurs when both of the following conditions are met:

  • The high of a bar is higher than the previous high, AND
  • The low of a bar is lower than the previous low.

Functionally, it is the exact opposite of the Inside Days Hi-Lite.

Display Settings

Double-left mouse-click on the Outside Days' Hi-Lite's label to open the Outside Days Properties dialog box.

Color and Display

In the example at right, the bar changes color to indicate intervals that meet the Outside Days criteria. No bullet is displayed. This is the default for this Hi-Lite.

The color of the indicator bar can be changed, and the following display options are available:

 

  • Color change for the bar, bullet not displayed (default setting)
  • Colored bullet and colored bar (both Style check boxes, Display Bullet and Change Bar Color, selected)
  • Colored bullet, no color change for the bar (un-check Change Bar Color)
Optional Bullet Display and Position

The indicator bullets can be selected to be displayed. The default is not to display them.

The bullets can be either a Dot or Dash. Also, the position of the indicator can be set to display at either the Open, High, Low or Close level for the interval.

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