🚀 Island Reversal Strategy

Category: Trend Reversal

https://www.investopedia.com/terms/i/islandreversal.asp

> Chart requirements for optimal use:

  Time Frame Aggregation Period: Day
  
  Note: This must be added as a strategy, not as an indicator.
  Note2: I am not accounting for volume in the strategy.

> Settings 👷‍:

Upper:
  1. Trend Length: 20;  (20 is default)
  2. Show Trend: No;
  3. Stop Loss: .05;  (5 percent)
  4. Profit Target: .05;  (5 percent)
  5. Gap Size: .01; (1 percent default)
     (Gives you the option to set a minimum gap size to monitor)
  

> 🧪 Select the Strategies tab the select Create:

> 🧪 Right click on the indicator when it's on the chart and select Show Report: