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Livermore's One Day Reversal

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This is an indicator based on Jessie Livermore's "One Day Reversal" from the book "How to Trade in Stocks" by Richard Smitten.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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