Kairos™

CPRDn - Closing Point Reversal Down

A Closing Point Reversal down(CPRDn) occurs when the Current High > Previous High and Current Low < Previous Low and Current Close < Previous Low. It returns a 1 if a CPRDn occurs within the last barsback bars, 0 otherwise

This is the Closing Point Reversal down(CPRDn) indicator configured on the daily timeframe

Above is a chart of the Closing Point Reversal down (CPRDn) indicator on the daily timeframe.  The bars with a circle annotation are the CPRDn bars.

The CPRDn indicator can be used in conditions.  If a CPRDn  is detected within the last barsback bars,  a value of 1 is returned, otherwise a value of 0 is returned