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KeyReversalDownAtEMA

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Description

KeyReversalDownAtEMA searches within a predefined number of periods to find a reversal formation with the following characteristics:
1 The current close is lower than the previous close 2 The current high is larger than or equal to the highest high of the last n bars 3 The current high has touched or breached an EMA

Parameters

inSeries Input data series for the indicator period Number of bars included in the calculations EMAperiod Number of periods used to calculate the EMA

Return value

double
0 – No reversal formation found
1 – Reversal formation found

Usage

KeyReversalDownAtEMA(int period, int EMAperiod)
KeyReversalDownAtEMA(IDataSeries inSeries, int period, int EMAperiod)
KeyReversalDownAtEMA(int period, int EMAperiod)[int barsAgo]
KeyReversalDownAtEMA(IDataSeries inSeries, int period, int EMAperiod)[int barsAgo]

Example

// Search for a short entry
if (KeyReversalDownAtEMA(10)[0] == 1)
Print("A short reversal formation has occurred.");