Inside Bar SE
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 SE signal generates a short 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 LE for entering a long position.
Commission or slippage are not taken into account for strategy calculation.
Default Inputs
This signal does not have pre-built inputs.
