Island Reversal Dn (ShowMe)Analysis Techniques & Strategies
Island Reversal Dn (ShowMe)
| Name | Expression | Default | Description |
| Length | Numeric | 4 | The number of bars used to calculate the highest High. |
| PctRange | Numeric | 30 | The bottom percentage of the bar where the Close price should fall. |
Island Reversal Down marks the high of any bar whose:
Low is higher than the High of the previous bar
Close falls within the lower PctRange % of the bar's range.
An Island Reversal Down bar is similar to the Gap Up bar except that an Island Reversal Down bar's Close must fall within a lower percentage of the bar. The Island Reversal Down pattern can indicate a trend reversal and may be used in the same manner as the Gap Up Bar ShowMe Study.
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