Key Reversal SX
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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.
