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  5. Order Flow Reversal Candles

Order Flow Reversal Candles

This indicator considers popular reversal candlestick patterns – the hammer, dragonfly, gravestone and shooting star – and qualifies them further by analysing the order flow for Aggressionin the direction of the reversal. You can filter reversals at key swing highs and lows using the Advanced Lookback Filter.

Indicator Settings & Outputs Reference

Imbalance Settings

The imbalance settings are used to control how Aggressive trading is identified. Read this section: Imbalance Settings for a full explanation of each setting:

• Minimum Diagonal Bid/Ask Imbalance %
• Compare Zero Diagonal Bid/Ask Imbalances?
• Miniumum Volume
• Minimum Bid/Ask Delta

Advanced Lookback Filter Settings

You can apply the emoji Advanced Lookback Filter to limit identification of Order Flow Reversal Candles to only those that occur at relative highs and lows.

Indicator Offset (Ticks)

The number of ticks away from the bar high/low that the Supply/Demand indicator Output Signals are drawn.

Outputs

This indicator provides:

Output Signals

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