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Date/Time: Tue, 26 Nov 2024 11:42:41 +0000



Post From: Inside Bars as in Markttechnik (Michael Voigt)

[2013-06-28 19:34:17]
User59879 - Posts: 66
Hola,

In the book Markttechnik (excellent book, unfortunately only available in German language as far as I know), Michael Voigt describes a technique using Inside Bars ("Innerstaben", see attached picture) that is somewhat different from the one that is implemented as an "Inside Bars" chart study in Sierra Chart:

IF previous bar was an InsideBar
THEN
IF Close > LowOfOutsideBar AND Close < HighOfOutsideBar
THEN this bar is an InsideBar as well
ENDIF
ELSIF Close > LowOfPreviousBar AND Close > HighOfPreviousBar
THEN
previous bar is the OutsideBar
this bar is an InsideBar
ELSE
this bar is a normal bar (neither an InsideBar nor an OutsideBar)
ENDIF

Is there already such an indicator available?

Jan Humme.
imageinnenstaben.PNG / V - Attached On 2013-06-28 19:33:50 UTC - Size: 782.13 KB - 509 views