GBR5
▲ Bullish
Streaming Alert (Scanner)
5 Minute Green Bar Reversal Alert (GBR5)
Find stocks printing a green bar reversal candle on the 5-minute chart in real time with Trade Ideas Streaming Alerts (Scanner). A green bar reversal is a green candle after three or more consecutive down candles. This alert checks 5 minute candles.
Candle patterns as they form.
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Streaming Alerts push each 5 Minute Green Bar Reversal alert the moment the 5 minute candle closes.
How Trade Ideas finds it: by default, the 5 minute green bar reversal alert appears when a stock has gone down for three or more consecutive candles, and then it has a green candle. See Trade Ideas plans and pricing to run it live.
How the 5 Minute Green Bar Reversal alert works
Key point
The green bar reversal (GBR) pattern is based on a candlestick chart. The server signals this alert when a stock has gone down for three or more consecutive candles, and then has a green candle. A candle is determined to be a down candle when the close of the candle is lower than the open 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 5 minute green bar reversal alert appears when a stock has gone down for three or more consecutive candles, and then it has a green candle. This will be shown on a 5 minute chart.
Custom settings
Settings
For '5 Minute Green 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 '5 Minute Green Bar Reversal', the user can filter this based on the minimum number of consecutive candlesticks going down. 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 down.
Key point
The quality value on a scan using the '5 Minute Green Bar Reversal' alert represents the number of consecutive candles going down.
Related alerts
Filters to pair with the 5 Minute Green Bar Reversal alert
Categories
FAQ
Which stocks are forming a green bar reversal candle on the 5 minute chart right now?
Turn on the 5 Minute Green Bar Reversal alert (GBR5) in Trade Ideas Streaming Alerts. By default, the 5 minute green bar reversal alert appears when a stock has gone down for three or more consecutive candles, and then it has a green candle.
What is the 5 Minute Green Bar Reversal alert?
A green bar reversal is a green candle after three or more consecutive down candles. This alert checks 5 minute candles.
How do I see fewer, higher-quality 5 Minute Green 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.