Find Closing Price Reversal with Alerts
The indicator looks for patterns Price Action Closing Price Reversal.
Strong reversal pattern, especially if there after a quick movement.
Signal bar opens with a gap from the closing price of the previous bar, the opening price is close to the maximum bar price. Closure occurs below the closing of the previous bar, the closing price is near the minimum price bar (bearish setup). all mirrored to a bullish setup.
Like any pattern Price Action, and this is no exception and requires confirming factors (S / R level signals of other indicators, etc.).
LED puts the label above / below the signal level bar and draws the installation of a pending order.
It has five tunable parameters:
- Relative size of the candle - relative size of the pattern. The lower the value, the smaller bars are included in the search pattern.
- ATR's period for calculate relative candle size - ATR period for calculating the first parameter.
- Use Alerts - use of warning signals, Yes / No.
- Send Push-notifications - send push-notifications regarding the pattern.
- Send mail - e-mail-information on the pattern of results.
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