Inside Bar LE
Revision as of 15:50, 11 October 2021 by Vlada MultiCharts (talk | contribs) (Created page with "=== 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 o...")
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 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.
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.
