# Technical Studies Reference

### Inside Bar

This study will color bars that have an Inside Bar pattern. An Inside Bar is a bar that has a lower High and a higher Low than those of the previous bar.

Let $$H$$ and $$L$$ be random variables denoting the High and Low prices, respectively, and let $$H_t$$ and $$L_t$$ be their respective values at Index $$t$$. Then we denote the Inside Bar at Index $$t$$ as $$IB_t$$, and we compute it for $$t \geq 0$$ as follows.

$$\displaystyle{IB_t = \left\{\begin{matrix} H_t & H_t < H_{t - 1} \space and \space L_t > L_{t - 1} \\ 0 & H_t \geq H_{t - 1} \space or \space L_t \leq L_{t - 1} \end{matrix}\right .}$$

The Inside Bars are the bars for which $$IB_t$$ is nonzero.

#### Inputs

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