Profitunity Reversal Bars with Alligator Angulation Excluded

Summary

i-DivergenceBar is described as an indicator that marks potential reversal bars using the Profitunity system associated with Bill Williams. The note says its method excludes the angle of the Alligator indicator’s mouth, so the signal description does not include that element of the broader system. A green marker denotes a bullish reversal bar and is presented as a buy signal; a red marker denotes a bearish reversal bar and is presented as a sell signal.

The description gives no criteria for identifying a reversal bar, chart examples, parameter settings, or results from testing. It therefore conveys the marker meanings but not enough detail to independently reproduce or evaluate the signals. Treating the colors as direct trade instructions without additional rules could omit confirmation, exits, and risk controls. No evidence is provided that the signals predict reversals reliably across markets or timeframes.

Key ideas

• The indicator identifies reversal bars using a version of the Profitunity approach.
• The described version omits angulation relative to the Alligator indicator mouth.
• Green markers indicate bullish reversal bars and are associated with buy signals.
• Red markers indicate bearish reversal bars and are associated with sell signals.
• The text provides no test results or detailed signal definitions.

Tags

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