Key Reversal LX
Jump to navigation
Jump to search
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.
