Market Analysis Study: Reversal Bars Study Part 1 (incl. Free Indicator & Programming Tutorial)
Reversal bars earned their explicit name for their reputation to signal reversals in a market’s price. After some years in the financial markets, I am very aware of the value being wary of popularly accepted folk wisdom. Fairly often, I find myself in positions that end the trading day with what is generally defined as one type of a reversal bar. Am I facing a higher likelihood of a price reversal? Should this influence my trade management? The question of this study thus is: