Price Action Bar Patterns

Price Action Bars indicator

Price Action Bar Patterns is a lightweight technical indicator designed to highlight key candlestick structures commonly used in price action trading. The indicator automatically detects several classic bar formations — including Pin Bars, Inside Bars, Outside Bars, and Shaved Bars — allowing traders to quickly identify potential reversal, continuation, or volatility expansion setups directly on the chart.

This implementation focuses on clarity and flexibility: each pattern type can be enabled or disabled independently, making it easy to analyze specific market behaviors without visual clutter.

The indicator was inspired by the original price action bar concepts popularized by Chris Moody, whose early scripts helped standardize automated detection of common price action patterns. This version re-implements the idea with a clean structure and configurable parameters while remaining faithful to the underlying pattern logic used by many discretionary traders.

Key Features

Pin Bar detection
Highlights candles with long rejection wicks that may signal potential reversals after extended price movement.

Inside Bar detection
Identifies consolidation candles where the current bar's range is fully contained within the previous bar, often used as breakout setups.

Outside Bar detection
Marks engulfing volatility expansions where the current candle's range exceeds both the high and low of the previous bar.

Shaved Bar detection
Detects candles closing near their extreme highs or lows, which may indicate strong directional pressure.

Configurable pattern filters
Each pattern type can be toggled individually so traders can focus only on the structures relevant to their strategy.

Trend context for Pin Bars
Pin Bars can optionally reference recent highs and lows over a configurable lookback window, helping highlight potential exhaustion points.

Typical Use Cases

Traders commonly use these patterns to support:

• discretionary price action trading
• support and resistance reaction analysis
• breakout setups from consolidation
• identifying momentum continuation candles
• spotting rejection signals at key levels

The indicator is designed as a visual scanning tool, helping traders quickly locate price action structures across different markets and timeframes.

Suitable Markets

Price Action Bar Patterns can be used across most liquid markets, including:

• cryptocurrencies
• stocks
• forex
• indices
• commodities

It works on all timeframes, from intraday charts to higher-timeframe swing analysis.