FTB-C000366 / Financial concept

Outside Bar

Outside Bar is a bar whose high exceeds the prior high while its low falls below the prior low under declared equality rules.

Also known asrange-expansion bar

Foundation 1 linked topicPublished

Definitions

In plain terms

Both sides expand, so the directional-movement system assigns only the strictly larger expansion.

Technical

Detection freezes strictness, tie policy, finalized bars, consecutive ordering, and adjustment basis.

Scope

An outside bar does not automatically create both positive and negative DM.

Examples

  • A governed lesson calculates or identifies Outside Bar only after its parameters, state, timing, and edge cases are declared.

Common misconceptions

  • An outside bar does not automatically create both positive and negative DM.

Concept relationships

Prerequisites

Related

Where this concept is used

Tutorials planned

These catalogued topics use this concept, but their complete build has not shipped yet.

  • D07-F02-A04 Important

Evidence and governance

  1. TA-Lib Directional Movement Index Implementation TA-Lib · first party technical publication

    Supports: preferred label, short definition, technical definition

    Limits: Zero-denominator and compatibility behavior can differ from the Fintech Builder package and must be stated explicitly.

Reviewed by
fintech-builder-batch-007
Last reviewed
2026-07-27
Next review
2027-07-27
Record status
published
Written by

Fintech engineer building market-data and financial systems, and the author of every article, glossary record, and reference implementation on The Fintech Builder.