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.