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Inside Bar LE

From MultiCharts

Definition

The Inside Bar is a candlestick pattern that forms completely within the bounds of prior bars' highs and lows. Inside Bar pattern may be contrasted with outside days, in which a day's candlestick chart exceeds the bounds of a prior day's high and low. Inside Bars may indicate consolidation or lower price volatility.

The Inside Bar LE signal generates a long entry order if two conditions are met:
1. The High of one bar ago is greater than the current bar's High;
2. The Low of one bar ago is less than the current bar's Low.

Use Inside Bar SE for entering a short position.

Commission or slippage are not taken into account for strategy calculation.

Default Inputs

This signal does not have pre-built inputs.