Reversal Bars

2022년 12월 15일

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.

2022년 12월 29일

릴리즈 노트

Can now select label colors.

2022년 12월 31일

릴리즈 노트

Can now show the last upside and downside reversal or choose to show only upside or only downside reversals.

2023년 1월 19일

릴리즈 노트

Option to show historical reversal bars

2023년 1월 30일

릴리즈 노트

Alert function added

2023년 4월 13일

릴리즈 노트

Small change to label placement and ability to choose text color for labels.

2024년 6월 25일

릴리즈 노트

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.