Abbreviation: Key Reversal: Bearsh Flag
Category: Chart Pattern Identification
Input Parameters:
Name | Range | Default |
High Price | High | |
Low Price | Low | |
Closing Price | Close | |
Calculation:
If (High Price > previous High Price) and (Low Price < previous Low Price) and (Closing Price < previous Closing Price) then 1
Otherwise 0
Discussion:
Indicates possible market indecision turning towards a downtrend.