Inside Bar
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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 indicator is used to determine if the current bar is an inside bar based on two criteria:
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.
Default Inputs
This indicator does not have pre-built inputs.
