KeyReversalDownAtSMA

Description

KeyReversalDownAtSMA searches within a predefined number of periods to find a turning point with the following characteristics:

1 The current close is lower than the previous close 2 The current high is higher than or equal to the highest high within the last n periods 3 The current high has touched or breached an SMA

See KeyReversalUp, KeyReversalDown, KeyReversalUpAtSMA, KeyReversalUpAtEMA, KeyReversalDownAtEMA.

Parameters

inSeries Input data series for the indicator period Number of bars included in the calculations SMAperiod Number of periods included in the SMA calculation

Return value

double

0 – No reversal formation found 1 – Reversal formation present

Usage

KeyReversalDownAtSMA(int period, int SMAperiod)
KeyReversalDownAtSMA(IDataSeries inSeries, int period, int SMAperiod)
KeyReversalDownAtSMA(int period, int SMAperiod)[int barsAgo]
KeyReversalDownAtSMA(IDataSeries inSeries, int period, int SMAperiod)[int barsAgo]

Example

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