K's Reversal Indicator II

K’s Reversal Indicator II uses a moving average timing technique to deliver its signals. The method of calculation is as follows:

* Calculate a moving average (by default, a 13-period moving average).
* Calculate the number of times where the market is above its moving average. Whenever that number hits 21, a bearish signal is generated, and whenever that number if zero, a bullish signal is generated.

The indicator signals short-term to mid-term reversals as a mean-reversion move.