CRT & TS Guide.pdf
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Streak Reversal detects potential reversals after a directional streak of same-color candles. A Long setup begins with a bearish streak followed by two consecutive bullish candles, while a Short setup begins with a bullish streak followed by two consecutive bearish candles.
The signal is generated only when the streak has reached the required length and move, the second opposite candle breaks the selected confirmation level of the first opposite candle, and all enabled candle, EMA, category, and distance filters are satisfied.
The indicator separates signals into two categories: Trend and Counter-trend. The category is determined by the position of price relative to the EMA. A Long signal above the EMA and a Short signal below the EMA are classified as Trend signals. The opposite cases are classified as Counter-trend signals.
An optional EMA movement filter can reject signals when the EMA is too flat. Additional distance filters can require Trend signals to remain sufficiently close to the EMA or Counter-trend signals to occur sufficiently far from it.
A diagnostic table continuously evaluates the current Long and Short setup separately. It shows the state of every major condition, identifies blocking conditions, displays trend strength, and reports the last signal that passed all filters.
An optional TP/SL module can plot Entry, Stop Loss, and up to three Take Profit levels. SL can be based on ATR or a fixed percentage, while TP levels are calculated from the selected Risk:Reward ratios.
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