Kairos™

KeyReversalDn

A Key Reversal Down occurs when the Current Bar High > Prev Bar High and Current Bar Close < Prev Bar Close.  It returns a 1 if it's an KeyReversalDn Bar, 0 Otherwise.

This is the KeyReversalDn indicator configured on the daily timeframe

Above is a chart of the KeyReversalDn indicator on the daily timeframe.  The bars with a circle annotation are the KeyReversalDn bars.

The KeyReversalDn indicator can be used in conditions.  If a KeyReversalDn is detected a value of 1 is returned, otherwise a value of 0 is returned