Signal library Β· Candlestick patterns
Inside bar breakout up
The previous bar was an inside bar; this bar closes above the high of the bar before it (the mother bar).
- What it is for
- A pause, then a decisive break: volatility contraction then expansion on a small scale.
- Rule
- Buy (long) on 15m bars when (cs inside 1 bars ago above 0) and (close above high 2 bars ago). Stop: beyond the 3-bar swing plus 0.1%. Target: 2 Γ the risk (stop distance). Exit after 15 bars at the latest.
- Side
- β² Long (buy)
- Timeframes
- 15m, 1h, 1d
- Runs on
- Your watchlist, your holdings and the market scanner
Out of sample Β· after fees and slippage
Verified record
| Market | Timeframe | Status | Trades | Expectancy / trade | Hit rate | Max drawdown |
|---|---|---|---|---|---|---|
| United States | 15m | information only | β | β | β | β |
| United States | 1h | information only | β | β | β | β |
| United States | 1d | information only | β | β | β | β |
| India | 15m | information only | β | β | β | β |
| India | 1h | information only | β | β | β | β |
| India | 1d | information only | β | β | β | β |
| United Kingdom | 15m | information only | β | β | β | β |
| United Kingdom | 1h | information only | β | β | β | β |
| United Kingdom | 1d | information only | β | β | β | β |
| Europe | 15m | information only | β | β | β | β |
| Europe | 1h | information only | β | β | β | β |
| Europe | 1d | information only | β | β | β | β |
Backtested on past data after estimated fees and slippage, out of sample. Past results do not predict future results. Signals are market information, not advice.
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