- Counts the contiguous bar closes, if the close exceeds the close 4 bars earlier in the same direction
- It resets if a close fails the test
- After 9 contiguous counts the Flip Points will be plotted to indicate a potential reversal
Together with all the other powerful DGR indicators the Flip Points are a superb correlating addition. So you can plan your trades with the best possible confidence.
https://www.tradingview.com/x/xSIqSHwv/
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