Key Reversal LX

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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.