The Strat Only

This TradingView indicator implements the core logic of The Strat — a price action-based trading methodology developed by Rob Smith. It identifies and visually marks the four foundational candlestick types defined in The Strat:

Inside Bar (1): A consolidation candle where the high is lower than the previous candle’s high, and the low is higher than the previous candle’s low. This often signals potential breakout setups.

Two-Up (2↑): A directional candle that breaks above the previous candle’s high. Indicates bullish continuation or a potential entry trigger for long setups.

Two-Down (2↓): A directional candle that breaks below the previous candle’s low. Signals bearish continuation or a potential short entry trigger.

Three (3): An outside bar that breaks both the previous high and low. Suggests increased volatility and possible reversal conditions.

Each candle type is plotted with a numeric label directly below the bar (1, 2, or 3), using distinct colors to make patterns quickly recognizable on the chart:

Inside bars: Dark yellow

Two-up: Green

Two-down: Red

Three: Magenta (fuchsia)

This tool is essential for traders using The Strat methodology to identify actionable sequences, gauge momentum shifts, and execute higher-probability entries with cleaner price structure.