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Most inside bars happen on decreasing volume because they are a sign of market indecision, so I'm not sure filtering out low volume IBs will do any good. Just looking at my charts every IB in July had less volume than its previous bars.
If you take absolute volume, you are certainly right.
Some inside bars have higher volume per range than the preceding expansion bar. These are churn bars. The pattern expansion bar + churn bar can be predictive of a reversal, if other conditions are met, such as below/above support/resistance and overbought/oversold conditions.
This thead is getting a bit cumbersone. You will find information on Tony Crabel in post #409. His book is not easily available, unless you look for illegal copies. He has not published again, but is running a hedge fond with more than USD 1 billion under management. I guess that some of his findings were real. The book is a bit outdated, but a real classic, comparable to Welles Wilder's "New Concepts in Technical Analysis" from 1978.
The Crabel book is a great book. I don't consider obtaining a copy of something illegal if the something is no longer available for purchase. Neither Crabel nor the publisher will make or lose any money from the PDF copies of his book. If fact the only ones who could lose money would be the speculators who paid $$$ for the book hoping for a greater fool.
if you read between the lines - my statement included the information that
- copies are available
- that these copies are illegal copies
- that Toby Crabel is somewhat richer than we are
I don't make recommendations, how to use this info. I have personally spent more money on good books than on my PC and my trading software, so I do not have a bad conscience to disseminate some ideas.