Key Reversal SX
From MultiCharts
Definition
Key Reversal SX (Short Exit) consists of a new low and a higher close than the previous bar. A short exit order is placed at the next bar's open when a Key Reversal occurs.
The number of bars that determines the lowest low price can be adjusted.
Usage
Short exit based on a Key Reversal bar.
Default Inputs
TrendLen - number of bars that determines a new low.
Note: Use Key Reversal LX for exiting a long position.
