Abbreviation:
Category: Chart Pattern Identification
Input Parameters:
| Name | Range | Default |
| High Price | High | |
| Low Price | Low | |
Calculation:
If (Low Price 2 periods ago > High Price 1 period ago) and (High Price 1 period ago < current Low Price) then 1
Otherwise 0
Discussion:
Indicates the potential for a downturn in the market. Conceptually, the Bullish Island Reversal can be thought of as a pivot point bottom that requires the presence of a price gap. See Pivot Point: Bottom Flag for more details about pivot points.