Key Reversal Indicator Using Prior High and Low Bands

Summary

The document introduces the Key Reversal technical indicator and names its inputs: closing, high, and low prices, along with lookback lengths and a day parameter. Its pseudocode defines a lower band from the lowest low over a selected window and an upper band from the highest high over another window, using prior-bar price data.

This establishes the reference levels that a Key Reversal rule could use to identify price moves beyond recent ranges. However, the supplied text does not explain the signal conditions, how the close or day parameter is used, or how the indicator is interpreted for entries and exits. It also provides no test results or market context, so it is a partial indicator specification rather than a complete trading strategy.

Key ideas

• The Key Reversal indicator uses closing, high, and low price data with configurable lookback parameters.
• Its lower reference band is based on prior lows over a chosen window.
• Its upper reference band is based on prior highs over a chosen window.
• The document does not specify the complete signal rule or provide evidence from strategy testing.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.