Key Reversal LX
Revision as of 13:49, 23 September 2021 by KateMultiCharts (talk | contribs) (Created page with "=== Definition=== Key Reversal LX (Long Exit) consists of a new high and a lower close than the previous bar. A long exit order is places at the next bar's open when a Key Re...")
Definition
Key Reversal LX (Long Exit) consists of a new high and a lower close than the previous bar. A long exit 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 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.
