Al Brooks II.IOI.OO

# Al Brooks Consecutive Bar Patterns (II/OO/IOI)

## Overview
This indicator automatically identifies Al Brooks' key consecutive bar patterns that signal important market transitions. Enhanced with both **traditional (high/low)** and **body (open/close)** detection methods for more accurate signals.

## Pattern Definitions

### 📊 II Pattern - Double Inside Bars
- **Signal**: Two consecutive inside bars
- **Market Meaning**: Volatility contraction, breakout pending
- **Trading**: Wait for breakout, trade with momentum

### 📊 OO Pattern - Double Outside Bars
- **Signal**: Two consecutive outside bars
- **Market Meaning**: Volatility expansion, trend acceleration or reversal
- **Trading**: Watch for exhaustion at key levels

### 📊 IOI Pattern - Inside-Outside-Inside
- **Signal**: Inside bar → Outside bar → Inside bar sequence
- **Market Meaning**: Market indecision, complex consolidation
- **Trading**: Avoid early entries, wait for clear direction

## Features

✅ **Dual Detection System**
- Traditional: Uses high/low prices (catches wicks)
- Body: Uses open/close prices (focuses on real trading range)
- Combined: Triggers when either condition is met

✅ **Visual Markers**
- Clear labels above/below bars
- Color-coded backgrounds
- Detection source indicators (h=high/low, b=body, +=both)

✅ **Smart Alerts**
- Real-time pattern detection
- Separate alerts for body-only patterns
- Customizable notification settings

## Settings

**Display Options**
- Show/hide each pattern type
- Toggle detection methods
- Customize colors

**Detection Modes**
- High/Low Detection: Traditional wick-based
- Body Detection: Open/Close based
- Show Source: Display what triggered the pattern

## Trading Tips

1. **Best Timeframes**: 1H, 4H, Daily
2. **Combine with**: Volume, trend indicators, support/resistance
3. **Risk Management**:
- II: Tight stops inside pattern
- OO: Wider stops due to volatility
- IOI: Scale in positions

## Label Meanings
- `ii` / `OO` / `ioi` = Base pattern detected
- `+h` suffix = High/Low triggered
- `+b` suffix = Body triggered
- `++` suffix = Both conditions met (strongest signal)

## Author Notes
Based on Al Brooks' price action methodology from his Trading Price Action series. This enhanced version adds body detection to filter out wick-only patterns and reduce false signals.

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*For educational purposes only. Trading involves risk.*

**Version 2.0** | **Pine Script v6** | **JimmC98**