Reversal Bounce¶
v.1.0.0.0
Overview¶
Finds a reversal followed by a bounce: a bar against the move, a bar the other way, then a wick that retraces Bounce min-max % of the reversal bar's body. Bounce Pro trades it.
Parameters¶
| Parameter | Default | What it does |
|---|---|---|
| Bounce min (%) | 50 | The bounce wick must be at least this share of the reversal bar's body. |
| Bounce max (%) | 75 | The bounce wick must be under this share of the reversal bar's body. |
| Strict colors | On | On: the bounce bar closes with the new move (bullish for a buy), its wick measured from the open. Off: any colour, the wick measured from the body. |
| Pattern end | Previous bar | Previous bar: the pattern ends one bar before the bar the signal is written on. Last bar: it ends on that bar - the signal a bar sooner. |
| Min reversal bar (ticks) | 0 | The reversal bar's body must be at least this many ticks. 0 = any. |
For strategies¶
The plot is 1 for a bullish pattern, -1 for a bearish one.