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:
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High is less than the Low of the previous bar
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Close falls is within the upper PctRange % of the bar's range.
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.