Price Action - Inside/Outside Bars

This indicator highlights Inside and Outside bars based on Al Brooks' price action philosophy from "Reading Price Charts Bar by Bar." Inside bars (high ≤ previous high and low ≥ previous low) represent contraction and potential breakouts, often leading to two-legged moves. Outside bars (high > previous high and low < previous low with min body 50%) signal volatility and possible reversals or trends. Customizable highlights, lines, and labels help identify high-probability setups in trends or ranges. Always focus on context—buy low, sell high, and wait for confirmation.