OPEN-SOURCE SCRIPT
Inside Day
The Inside Day Background indicator automatically highlights Inside Day candles directly on the chart using a customizable background color.
An Inside Day occurs when the current candle’s high is lower than the previous candle’s high, and the current low is higher than the previous candle’s low — signaling price consolidation and range compression.
This condition often precedes volatility expansion and breakout opportunities.
How It Works
The script scans each bar and checks the following condition:
Current High < Previous High
Current Low > Previous Low
When both are true:
The chart background is highlighted
No shapes or labels are plotted (clean chart visualization)
An alert condition is triggered (optional)
Trading Use Cases
Inside Days are commonly used for:
Breakout strategies
Range expansion setups
Volatility contraction signals
Bull Flag / consolidation continuation patterns
Opening range continuation plays
Traders often watch for a break above the Inside Day high (bullish) or below the low (bearish).
Features
Clean background highlight only (no chart clutter)
Fully customizable background color
Toggle on/off visibility
Built-in alert condition
Works on all timeframes
Overlay on price chart
Notes
Consecutive Inside Days will continue highlighting until range expansion occurs.
Best combined with volume, VWAP, or range breakout strategies.
Effective for both day trading and swing trading environments.
An Inside Day occurs when the current candle’s high is lower than the previous candle’s high, and the current low is higher than the previous candle’s low — signaling price consolidation and range compression.
This condition often precedes volatility expansion and breakout opportunities.
How It Works
The script scans each bar and checks the following condition:
Current High < Previous High
Current Low > Previous Low
When both are true:
The chart background is highlighted
No shapes or labels are plotted (clean chart visualization)
An alert condition is triggered (optional)
Trading Use Cases
Inside Days are commonly used for:
Breakout strategies
Range expansion setups
Volatility contraction signals
Bull Flag / consolidation continuation patterns
Opening range continuation plays
Traders often watch for a break above the Inside Day high (bullish) or below the low (bearish).
Features
Clean background highlight only (no chart clutter)
Fully customizable background color
Toggle on/off visibility
Built-in alert condition
Works on all timeframes
Overlay on price chart
Notes
Consecutive Inside Days will continue highlighting until range expansion occurs.
Best combined with volume, VWAP, or range breakout strategies.
Effective for both day trading and swing trading environments.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.