Display of a certain type of reversal bars. Reversal formations have to be considered in market context. Basically downward signals in the uptrend are ignored, unless there is an non-correlated inversion setup. Similarly, upside signals in downtrends are ignored until a bullish reversal setup occurs.
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Changes the ratio of body and range size for a one-bar-reversal structure.
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Another reversal structure added.
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Reversal signals work best in U.S. equities. They are now linked to the evaluation of reversal movements in extreme zones of the VIX. The adjustable parameters are explained with tooltips.
It is essential to combine the signals with a trend filter. Missing signals are in many cases valid reversal signals and can be used for stoploss or for entries orders.
It is essential to combine the signals with a trend filter. Missing signals are in many cases valid reversal signals and can be used for stoploss or for entries orders.
Versionsinformation:
Actualized chart