Spydertrader posted the definition of BO and FBO in 'Spydertrader's Jack Hershey Future Trading Journal' thread.
I have searched the iterative Refinement thread for the correct bar coloration definitions, but cannot find it. Does someone here can find these posts (and/or explain it)? the only post I came up with was this one about doji bar colors: http://www.elitetrader.com/vb/showt...ghlight=outside+and+bar+and+color#post2017263 -- thanks, innersky
Try the software thread, depending on what platform you use the code may already be posted. Generally, if the bar makes a higher high it's black. It would change to red only if it then becomes an OB. Inside bars are either close to close or open to close (same result). - EZ
Thanks, but I'm actually making sure the software is doing the right thing, so that's not going to help -- innersky