vane wrote:PTG wrote:vane wrote:when you say bullish-> bearish, is this some kind of pattern, I would like to know more about that, looks interesting.
That's a bearish key reversal bar: higher high, lower close than the previous bar.
A bullish key reversal is a lower low, lower close than the previous bar.
I believe Zapzinig has made a bunch of comments on it in the NLA thread.
FX-Jedi was the teacher of the technique, i did not know that he changed the name..Thanks a lot PTG for the clarification
Key reversal= BB
Somewhere in kreslik, BLubb posted an indicator: Blubb_KeyReversalAlert that addresses this, if I recall correctly.