Up/Down/In/Out
Definition:
Up/Down/In/Out is a chart overlay available on most modern day charting programs by making color-coded individual bars or candlesticks based on price movement. It relates the current high and low price with the previous high and low price.Up (Green) indicates the current high is higher than the previous high and the current low is higher than the previous low.
Down (Red) indicates the current high is lower than the previous high and the current low is lower than the previous low.
In (Yellow) indicates the current high is lower than the previous high, and the current low is higher than previous low.
Out (Blue) indicates that the current high is higher than the previous high, and the current low is lower than the previous low.
Neutral (Gray/Black) indicates that none of the above conditions were met. This typically happens if the current periods high (or low) is equal to the previous period's high (or low).
Interpretation:
There is no specific conventional interpretation for this chart overlay. However, many investors use color-coded bars with other technical indicators and overlays to help evaluate historical patterns and anticipate future direction.Back To Pantheon Traders
