Reversal Bars
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.
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.
Информация о релизе:
Can now select label colors.
Информация о релизе:
Can now show the last upside and downside reversal or choose to show only upside or only downside reversals.
Информация о релизе:
Option to show historical reversal bars
Информация о релизе:
Alert function added
Информация о релизе:
Small change to label placement and ability to choose text color for labels.
Trusted Pine programmer. Send me a message for script development.