Consecutive Up/Down Bar Labels

שלשום

Mean reversion likelihood tends to increase with number of consecutive up/down days. This indicator plots a signal when the number of consecutive up/down days exceeds 3, in increasingly bright colors.

שלשום

הערות שחרור

Updated to allow two options for up/down:

Close > Open
and Close > Prev Day Close

שלשום

הערות שחרור

Added option for up days to be defined by increasing lows / down days by decreasing highs.