reverse

Reverse Engineer

The Reverse Engineer indicator answers the following question: "What current price would be required to attain an indicator value of X".

For instance, you may want to know what closing/last price (on a daily chart) would be required in order for the RSI value to reach 70. Or you might want to know what high price would have to be reached (on a daily chart) in order for the current day's range to exceed its average range over the past 20 days.

There are three key components the user specifies in the Reverse Engineer indicator: