PROTECTED SOURCE SCRIPT
Reversal Bars
Обновлено
Reversals, both upward and downward, show where major market participants believe a stock has gone too far and can often mark a change in trend.
Upside Reversal:
Current bar undercuts previous bar
Price closes in the upper 60% of the range
Downside Reversal:
Current bar makes a high above previous bar
Price closes in the lower 60% of the range
This indicator will plot a label below an upside reversal and above a downside reversal that shows the closing range of the bar.
Upside Reversal:
Current bar undercuts previous bar
Price closes in the upper 60% of the range
Downside Reversal:
Current bar makes a high above previous bar
Price closes in the lower 60% of the range
This indicator will plot a label below an upside reversal and above a downside reversal that shows the closing range of the bar.
Информация о релизе
Can now select label colors. Информация о релизе
Can now show the last upside and downside reversal or choose to show only upside or only downside reversals. Информация о релизе
Option to show historical reversal barsИнформация о релизе
Alert function addedИнформация о релизе
Small change to label placement and ability to choose text color for labels. Информация о релизе
Update to make signals better and more display options. Toggle on/off a requirement for the upside reversal low to be below the 21 ema or 50 sma and close back above the moving average.
Toggle on/off a requirement for the downside reversal high to be the highest bar of the last 21 bars.
Option to change bar colors for reversal bars, allowing labels to be turned off.
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