Inside Outside Bar Direction Highlighter Indicator by alixx220 19 september 2024 – Posted in: Forex Trading
To be a valid outside bar pattern the candlestick needs to have a higher high and a lower low than the previous candlestick. When price has a higher high and a low low it is completely ‘outside’ the previous candle. As the lower volatility comes within the context of seven bars, instead of a single bar like in the case of an inside bar, the NR7 pattern is a stronger sign of decreasing volatility. For…
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