Results here are similar to other studies I’ve run on outside day or key reversal bars in the past. It is often followed by a few days of weakness but it rarely marks the kind of significant top it is renowned for.
Recall though that Monday's study did suggest the possibility of an intermediate-term top, so it is a possibility. In any case, a few days of weakness here would be typical.
3 comments:
Hi Hanna,
what do you mean on outside bar? Do you mean as in implemented in Amibroker too?
Thank you
Tamas
Hi Tamas,
An outside bar would mean a higher high and a lower low than the previous bar.
Best,
Rob
Hi Rob,
thank you! This is in Amibroker.
Best,
Tamas
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