Kairos™

IslandReversalDn

An island reversal is a chart formation where there is a gap on both sides of the candle. Island reversals frequently show up after a trending move is in its final phase  The IslandReversalDn indicator returns a 1 if it's found, 0 Otherwise.

This is the IslandReversalDn indicator configured on the daily timeframe

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

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