Trend Reversal Chart
Trend Reversal Chart (TR Chart) is a technical analysis chart, showing moving trend reversal and bullish, bearish trends by comparing stock momentum.
Trend Reversal Chart is easy to interpret:
1. When candle is Green, shows bullish movement, when it is Red, shows bearish movement.
2. when candle color changes, shows the trend might reverse.
3. If three or more candles form a flat bottom (or top) and candle color changes, it is a buy (or sell) signal.
3. If two candles form a flat bottom (or top) and candle color changes, it is a buy alert (or sell alert) signal.
This indocator is plotted in chart window.