MetaStock Inside Day Function
MetaStock Inside Day Function
An inside day refers to a two-period pattern that suggests a potential reversal or deceleration of the current trend. It occurs when the current period’s high is less than or equal to the high for the previous period and the current period’s low is greater than or equal to the low of the previous period. In other words, it’s where the range of the latest period is entirely nestled within the range of the previous period. Also, it’s important to note that if any of the following periods are still within this range MetaStock identifies the inside day as still existing.
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