Using Reversal Bars and Range Midpoints as Entry Signals
Summary
Reversal Navi is described as an indicator that marks a reversal bar and highlights a possible entry point afterward. It plots colored marks to signal that a reversal has occurred, arrows to identify the reversal bar, and lines showing the midpoint of the range formed after that bar. A separate chart window contains a Bounce Strength Indicator, which can be used alongside the reversal display.
The description recommends combining the signal with a filter such as ADX or BSI, but does not explain the indicator’s calculation, define entry or exit rules, or provide examples of trades. It offers no backtest, performance evidence, or guidance on position sizing and risk controls. The page therefore outlines a visual signal concept, while leaving its interpretation and effectiveness to further specification and testing.
Key ideas
- The indicator marks a reversal and identifies the bar associated with it.
- It displays the midpoint of the price range formed after the reversal bar.
- The description recommends pairing the signal with a filter such as ADX or BSI.
- No calculation details, trading rules, or performance evidence are provided.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.