Reversal Bars

2022年12月15日

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.

2022年12月29日

版本注释

Can now select label colors.

2022年12月31日

版本注释

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

2023年1月19日

版本注释

Option to show historical reversal bars

2023年1月30日

版本注释

Alert function added

2023年4月13日

版本注释

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

6月25日

版本注释

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.