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Key Reversal SE

From MultiCharts

Definition

Key Reversal SE (Short Entry) consists of a new high and a lower close than the previous bar. A short entry order is placed at the next bar's open when a Key Reversal occurs.
The number of bars that determines the highest high price can be adjusted.

Usage

Short entry based on a Key Reversal bar.

Default Inputs

Length - number of bars that determines a new high.


Note: Use Key Reversal LE for entering a long position.