Difference between revisions of "Key Reversal LE"

From MultiCharts
Jump to navigation Jump to search
(Created page with "=== Definition=== Key Reversal LE (Long Entry) consists of a new low and a higher close than the previous bar. A long entry order is places at the next bar's open when a Key...")
 
Line 11: Line 11:
  
  
'''Note:''' Use [[Key Reversal LX]] for exiting a long position.
+
'''Note:''' Use [[Key Reversal SE]] for entering a short position.

Revision as of 14:04, 23 September 2021

Definition

Key Reversal LE (Long Entry) consists of a new low and a higher close than the previous bar. A long entry order is places 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.