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