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Indicators: Reversal Bar

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Automated-Trading
Admin
99093
Automated-Trading 2010.07.20 10:36 

Reversal Bar:

The indicator helps to find the reversal bar of the trend. The signal appears in the case of the breakthrough of the High(Low) of the previous bar with bull (bear) direction.

The signal should be interpreted according the current situation. In some cases it can be interpreted as a reverse signal, for example the red signal can be considered as a good buy opportunity when the trend is bullish.

Author: zfs

Reversal Bar indicator

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