The Reversal Indicator — Coding in Python.
Coding the Rob Booker Reversal Indicator in Python.
Some less-known indicator actually function pretty well. Among those indicator is Rob Booker’s Reversal Indicator which uses a special combination between the MACD oscillator and the Stochastic oscillator. This article discusses creating the indicator in Python. All credits go to Rob Booker.
I have just released a new book after the success of my previous one “Trend Following Strategies in Python”. It features advanced contrarian indicators and strategies with a GitHub page dedicated to the continuously updated code. Also, this book features the original colors after having optimized for printing costs. If you feel that this interests you, feel free to visit the below Amazon link, or if you prefer to buy the PDF version, you could check the link at the end of the article.
The MACD Oscillator
The MACD is probably the second most known oscillator after the RSI. One that is heavily followed by traders. It stands for Moving Average…
