Description
The KeyRevLE strategy generates a Long Entry signal when Key Reversal occurs.
For the Long Entry strategy, a bar is considered Key Reversal if it has:
-
Low price less than that of several previous bars;
-
Close price higher than that of the previous bar.
In the event of Key Reversal, this strategy generates the Long Entry signal for the next bar.
Input Parameters
| Parameter | Description |
|---|---|
length
|
The number of preceding bars whose Low prices are compared to the current Low. |