RBR2
▼ Bearish
Streaming Alert (Scanner)
2 Minute Red Bar Reversal Alert (RBR2)
Find stocks printing a red bar reversal candle on the 2-minute chart in real time with Trade Ideas Streaming Alerts (Scanner). A red bar reversal is a red candle after three or more consecutive up candles. This alert checks 2 minute candles.
Candle patterns as they form.
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Streaming Alerts push each 2 Minute Red Bar Reversal alert the moment the 2 minute candle closes.
How Trade Ideas finds it: by default, the 2 minute red bar reversal alert appears when a stock has gone up for three or more consecutive candles, and then it has a red candle. See Trade Ideas plans and pricing to run it live.
How the 2 Minute Red Bar Reversal alert works
Key point
The red bar reversal (RBR) pattern is based on a candlestick chart. The server signals this alert when a stock has gone up for three or more consecutive candles, and then it has a red candle. A candle is determined to be an up candle when the open of the candle is lower than the close of the candle. This is only determined at the close of the candle (based on the time-frame).
The description of the alert will say how many candles in a row were going the same direction. This information is also available as a filter.
Default settings
By default, the 2 minute red bar reversal alert appears when a stock has gone up for three or more consecutive candles, and then it has a red candle. This will be shown on a 2 minute chart.
Custom settings
Settings
For '2 Minute Red Bar Reversal' alerts, you have the option to use an alert specific filter. This filter is located immediately to the right of the corresponding alert and is always optional. You can decide to leave it blank if you want to receive more alerts, or you can fill it in to restrict the number of alerts you receive. This filter allows you to specify the quality of the alert. When you set a higher number for this filter, you are telling the alerts server to display only alerts that meet a higher quality standard, resulting in fewer alerts being shown.
When setting an alert for '2 Minute Red Bar Reversal', the user can filter this based on the minimum number of consecutive candlesticks going up. This does not include the final candle because it is going in the opposite direction.
What the alert shows you
The description of the alert will tell you how many candles in a row were going up.
Key point
The quality value on a scan using the '2 Minute Red Bar Reversal' alert represents the number of consecutive candles going up.
Related alerts
Filters to pair with the 2 Minute Red Bar Reversal alert
Categories
FAQ
Which stocks are forming a red bar reversal candle on the 2 minute chart right now?
Turn on the 2 Minute Red Bar Reversal alert (RBR2) in Trade Ideas Streaming Alerts. By default, the 2 minute red bar reversal alert appears when a stock has gone up for three or more consecutive candles, and then it has a red candle.
What is the 2 Minute Red Bar Reversal alert?
A red bar reversal is a red candle after three or more consecutive up candles. This alert checks 2 minute candles.
How do I see fewer, higher-quality 2 Minute Red Bar Reversal alerts?
Use the optional alert-specific filter immediately to the right of the alert. A higher number tells the alerts server to show only higher-quality alerts, so fewer appear. Leave it blank to see more.