Reversal bars is a volatility-based chart type that builds a new bars after the price passes a specified amount of ticks in the opposite (reversal) direction.
How do Reversal Bars is constructed?
There are two parameters that are involved in the calculations:
Length is the minimum bar size after which a pullback can be counted.
Reversal Length is the minimum size of pullback (reversal) after which the bar will be fixed and a new one starts to build.
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