Tango Line Indicator for Reversal-Range Midpoints

Summary

The Tango Line is described as a reversal-oriented chart indicator intended to signal sharp changes in direction and allow earlier entries. Its central line marks the midpoint of the range formed after a reversal bar, while accompanying bands mark the range’s high and low.

The author says the concept emerged from adapting a buy line in an earlier reversal indicator for use as a sell line as well. The document provides only a brief description of how the display is constructed; it does not specify exact calculation rules, entry or exit conditions, tested markets, or performance evidence. It therefore explains the visual components and intended use, but does not establish that the indicator predicts reversals reliably.

Key ideas

• The indicator is designed to highlight sharp directional reversals.
• Its central line marks the midpoint of the range formed after a reversal bar.
• The band shows the high and low of that post-reversal range.
• The description gives no calculation details or evidence of trading performance.

Tags

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