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FindClosingPriceReversal

The indicator searches for the Closing Price Reversal pattern.

It is a strong reversal pattern, particularly if appears after a quick movement.

The signal bar opens with a gap from the closing price of the previous bar, the opening price is close to the maximum price of the bar. The close price is below the close price of the previous bar, and it is close to the minimum price of the bar (for the bearish setup). And vice versa for the bullish setup.

Indicator puts a mark above/below the signal bar and draws the pending order placing level.

It has two parameters:

  • Relative size of the candle - the relative size of the pattern. The smaller the value, the smaller bars are included in the search.
  • ATR's period for calculate relative candle size - the ATR period for the calculation of the first parameter.
Maksym Mudrakov
10345
2016.08.31 08:10 
 

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xSAMMAELx
232
2014.09.29 20:19 
 

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Fritz5
179
2014.08.23 20:34 
 

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ThaiTrader7
164
2014.08.23 20:28 
 

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Vadim Strelkov
7888
2014.05.05 13:36 
 

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Ramil Minniakhmetov
102630
2014.04.09 13:54 
 

User didn't leave any comment to the rating

Roman Guz
2265
2014.03.18 21:43 
 

+5

Aleksandr Gritsienko
217
2014.03.01 09:05 
 

PriceAction мощная торговая система по дневкам. 6 индикаторов автора + уровни - готовая торговая система.