Analysis Techniques & Strategies

image\insert_showme.gif Island Reversal Up (ShowMe)

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Input Information

Name Expression Default Description
Length Numeric 4 The number of bars used to calculate the lowest Low.
PctRange Numeric 30 The upper percentage of the bar where the Close price should fall.

Description

Island Reversal Up marks the low of any bar whose:

The Island Reversal Up bar is similar to the Gap Down bar except that an Island Reversal Up bar's Close must fall within the upper percentage of the bar. The Island Reversal Up pattern can indicate a trend reversal and may be used in the same manner as the Gap Down Bar ShowMe Study.

Related Functions

Lowest

Range