Home | Trading Alchemy Manual | Alchemy Functions IndexAlchemyInsideBar (Function)AlchemyInsideBar identifies an inside bar. If the criteria of an inside bar is met, the AlchemyInsideBar function returns 1, otherwise a -1 will be returned. AlchemyInsideBar |
ReturnsIf the criteria of an inside bar is met, the AlchemyInsideBar function returns 1, otherwise a -1 will be returned. UsageAn Inside Bar occurs when the high and low are both
inside the high and low of the previous bar.
An Inside Bar indicates a possible reversal in the market
when near a previous high or low, or can indicate a continuation
of trend if the market is trending.
Volatility can increase after an Inside Bar.
The high and low of the Inside Bar are commonly used as
breakout points by traders. |