Kairos™

IslandReversalUp

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 IslandReversalUp indicator returns a 1 if it's found, 0 Otherwise.

This is the IslandReversalUp indicator configured on the daily timeframe

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

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