Key Reversal LE

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.