Emmanuel Optuma Bar Colors v2

This script colours TradingView’s Bar Chart to follow a simple, powerful bar-type logic used in Optuma-style analysis.

It makes the chart easier to read by showing the relationship between:

Up bars

Down bars

Outside bars

Inside bars

🔍 Bar Type Detection
Up Bar

Close > Previous close
→ Indicates upward strength
→ Coloured Green

Down Bar

Close < Previous close
→ Indicates downward pressure
→ Coloured Red

Outside Bar

High > Previous high and Low < Previous low
→ Market expands its range
→ Coloured Blue

Inside Bar

High < Previous high and Low > Previous low
→ Market contracts inside the previous bar
→ Follows previous bar’s colour

🎨 Colour Rules Summary
Bar Type Colour Meaning
Up Bar 🟩 Green Bullish pressure
Down Bar 🟥 Red Bearish pressure
Outside Bar 🔵 Blue Range expansion, bar resets structure
Inside Bar Same as previous bar Market indecision, continuation
🧠 Inside Bar Logic (Very Important)

Inside bars always copy the colour of the previous bar, which means:

If the previous bar was Green → inside bar becomes Green

If the previous bar was Red → inside bar becomes Red

If the previous bar was Blue → inside bar becomes Blue

This keeps the structure visually consistent and easy to read.

📈 Why This Helps Traders

This approach makes it easier to see:

✔ Trend continuation

Inside bars keep the trend colour, making swings clearer.

✔ Trend weakness

Inside bars after outside bars show contraction.

✔ Breakouts

Blue outside bars stand out as moments of range expansion.

✔ Market rhythm

The chart becomes easier to follow for beginners and advanced traders.

🧩 How to Use It

Set chart type to Bars

Add the script

Hide default colours (barcolor replaces them)

This instantly transforms TradingView into a teaching-friendly chart like Optuma.