PROTECTED SOURCE SCRIPT
Updated TraderLion Reversal Bars
TraderLion Reversal Bars highlights key reversal bars for your technical analysis in a visual manner.
The script highlights Oops Up, Kicker, Three Bar Break, Upside Reversal, Power of 3, Outside Bullish/Bearish Days.
Default Settings: 3 Bar Break, Oops Up, Kicker
Oops Up - Price opens below prior day’s close and closes above. Concept by Larry Williams
Kicker - When the prior day closes down and the current day gaps above the entirety of yesterday’s action signaling a clear momentum change.
Three Bar Break - Price breaks above prior 3 closes and closes above on above-average volume.
Upside Reversal - Today’s price undercuts the prior day’s low but closes the day on a >= 50% closing range
Power of 3 - Power of 3 shows the strength and demand of stock to get through the 3 widely followed moving averages (10, 21, 50 daily moving averages)
Outside Bullish/Bearish Day - Price closes above/below the prior day’s high/low.
Each condition can be Alerted by right click a bar on the charts.
Suggestions? Comment below. Cheers!
The script highlights Oops Up, Kicker, Three Bar Break, Upside Reversal, Power of 3, Outside Bullish/Bearish Days.
Default Settings: 3 Bar Break, Oops Up, Kicker
Oops Up - Price opens below prior day’s close and closes above. Concept by Larry Williams
Kicker - When the prior day closes down and the current day gaps above the entirety of yesterday’s action signaling a clear momentum change.
Three Bar Break - Price breaks above prior 3 closes and closes above on above-average volume.
Upside Reversal - Today’s price undercuts the prior day’s low but closes the day on a >= 50% closing range
Power of 3 - Power of 3 shows the strength and demand of stock to get through the 3 widely followed moving averages (10, 21, 50 daily moving averages)
Outside Bullish/Bearish Day - Price closes above/below the prior day’s high/low.
Each condition can be Alerted by right click a bar on the charts.
Suggestions? Comment below. Cheers!
Release Notes
1. Update chart to meet PineCode House Rules2. Preparing code to add new Reversal Bars in upcoming updates.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.