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. |
Backtesting is the evaluation of a particular trading strategy using historical data. Results presented are hypothetical, and there is no guarantee that the same strategy implemented today would produce similar results.
Technical analysis is not recommended as a sole means of investment research.
For educational purposes only. Not a recommendation of a specific security or investment strategy.