Key Reversal: Bearish Flag

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.
 

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