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Price Reversal Filter

Require Price Reversal? (Yes/No)

This filter setting controls whether:

  • an order flow Supply/Demand Event signifying demand…
  • …requires the price bar to close higher than it opened, i.e. the demand condition is confirmed by upwards price movement
  • an order flow Supply/Demand Event signifying supply…
  • …requires the price bar to close lower than it opened, i.e. the supply condition is confirmed by an downwards price movement

Both of these bars exhibit Exhaustion of ask volumes through their top three price levels and could be detected by Price Rejector Pro. If Require Price Reversal is set to Yes, only the red bar would qualify.

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