Key Reversal LE
From MultiCharts
Definition
Key Reversal LE (Long Entry) consists of a new low and a higher close than the previous bar. A long 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
Long entry based on a Key Reversal bar.
Default Inputs
Length - number of bars that determines a new low.
Note: Use Key Reversal SE for entering a short position.
