Cardwell Positive/negative Reversals

Cardwell Positive/negative Reversals is the first dedicated build of Cardwell positive and negative reversals, the RSI patterns that side with the trend rather than fade it. Price swings confirmed by a 5-bar pivot are read against a 14-period RSI: a higher price low on a lower RSI low prints a Positive Reversal, a lower price high on a higher RSI high a Negative Reversal, each drawn on both charts with its measured objective.

How to Trade the Cardwell Positive/negative Reversals?

• Positive Reversal: price held a higher low while RSI made a lower low: bullish continuation, the target above is the minimum objective.
• Negative Reversal: RSI out-performed price at a lower high: bearish continuation toward the target below.
• Regime Read: the dashboard counts recent patterns; the dominant side argues for that regime.

Patterns confirm five bars after the second swing; alerts cover patterns and target hits, complementing the momentum family.

Cardwell Positive/negative Reversals Settings

• RSI Length (default 14) and Source (default close): the RSI being read.
• Swing Pivot Length (default 5): bars each side an extreme must dominate.
• Max Bars Between Swings (default 60): wider pairs are ignored.
• Signals (default Both): restrict to one side.
• Mid-Range Swings Only (default enabled): both RSI swings must sit outside the extremes.
• Overbought Level / Oversold Level (defaults 70 / 30): the checked extremes.
• Trend Filter (default enabled), Trend SMA Length (default 200): the second swing must close trend-side of the SMA.
• Show Price Targets (default enabled), Target Expiry (default 250): unreached lines expire after these bars.
• Show Dashboard (default enabled): Regime Window (default 500), Location (Top Right), Size (Small).
• Pattern Lines, Price Swing Lines, Signal Labels: all on by default.

Frequently Asked Questions

How do reversals differ from hidden divergence?

Why require mid-range swings by default?

How should the targets be treated?