Plugins
Proven Strategies That Keep You Ahead of the Market
Reversal Box
Stay one step ahead. Be ready for market reversals.
Maximize gain and minimize your losses with instant notification of possible reversals in the market. With 6 popular reversal patterns, this library is a great addition to any trader’s toolbox.
- Get instant notification of possible reversals.
- Easily apply using intraday, daily or weekly data
- Great for both day, swing and long term trading strategies
- Combine with your existing strategy or use reversals on their own
Pivot Reversal
This reversal pattern (as with most) comes after an uptrend or downtrend. The TrendStrength specified determines
Close Price Reversal
Close Price Reversal Up - The closing price must be in the top third of the bar’s range, and the open has to be in the bottom third of the bars range. The close must be above the previous bars close.
Island Reversal
Island Reversal Up - The previous bar’s high must be less than the previous bar’s low and the current low price must be greater than the previous bar’s high.
Island Reversal Down - The previous bar’s low must be greater than the previous bar’s high and the previous bar’s low also must be greater than the current high.
Key Price Reversal
Key Price Reversal Up - The close must be greater than the previous close and the open less than the previous close. The current close must be in the upper third of the current range and the current bar must make a higher high and lower low than the previous bar.
Key Price Reversal Down - The open must be greater than the previous high, the open must be in the upper third of the current range, and the close must be less than the previous close. The current close must be in the lower third of the current range, and the current bar must have a higher high and lower low than the previous bar.
OpenClose Reversal
OpenClose Reversal Up - The current close must be in the top third of the range, the open must be in the lower third of the current bar’s range, and the close must be less than the previous close.
OpenClose Reversal Down - The open must be in the top third of the current range, the close must be in the lower third of the current bar’s range, and the current close must be greater than the previous close.
Reversal
Reversal Up - The current bar must have a lower high than the previous bar, and it must have a higher low than the previous bar. The current close must be in the top third of the current range, and the open must be in the lower third of the current range.
Reversal Down - The current bar must have a lower high than the previous bar and a higher low than the previous bar. The open must be in the top third of the current range, and the close must be in the lower third of the current range.
