Reversal Bars

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.