Key Reversal LX: Difference between revisions
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(Created page with "=== Definition=== Key Reversal LX (Long Exit) consists of a new high and a lower close than the previous bar. A long exit order is places at the next bar's open when a Key Re...") |
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=== Definition=== | === Definition=== | ||
Key Reversal LX (Long Exit) consists of a new high and a lower close than the previous bar. A long exit order is | Key Reversal LX (Long Exit) consists of a new high and a lower close than the previous bar. A long exit order is placed at the next bar's open when a Key Reversal occurs.<br> | ||
The number of bars that determines the highest high price can be adjusted. | The number of bars that determines the highest high price can be adjusted. | ||
=== Usage=== | === Usage=== | ||
Latest revision as of 14:55, 23 September 2021
Definition
Key Reversal LX (Long Exit) consists of a new high and a lower close than the previous bar. A long exit 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
Long exit based on a Key Reversal bar.
Default Inputs
TrendLen - number of bars that determines a new high.
Note: Use Key Reversal SX for exiting a short position.
