OPEN-SOURCE SCRIPT
Noro's RevBar Strategy
Updated
Only long.
RevBar = reversal bar
Example (Wikipedia.org): upload.wikimedia.org/wikipedia/en/2/2a/EUR-USD-bull-reversal-bar.jpg
Article: en.wikipedia.org/wiki/Price_action_trading
Strategy
RevBar = to open a long position
Green candle (if close > open) = to close a position
RevBar = reversal bar
Example (Wikipedia.org): upload.wikimedia.org/wikipedia/en/2/2a/EUR-USD-bull-reversal-bar.jpg
Article: en.wikipedia.org/wiki/Price_action_trading
Strategy
RevBar = to open a long position
Green candle (if close > open) = to close a position
Release Notes
-barOpen-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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