Turning point of price Demo
The demo version of the indicator does not display its data on the last 25 bars, but is ideal for testing.
Indicator Turning point of price displays on the graph the estimated terms of price reversal. It is based on the use of the oscillator data Prise Reversal, as well as the standard ADX. Once Prise Reversal indicator value falls (user specified zone size) in perekuplennosti or pereprodannosti zone and ADX main line exceeds a predetermined value, the indicator Turning point of price draws the graph in the arrow direction the intended future price movements. This idea is described in the article, "Price reversal indicator".
An indicator:
- PR - the size of the zones of overbought / oversold indicator in Prise Reversal. Default - 25. Reducing this value reduces the amount of Turning point of price indicator signals, but at the same time increases their accuracy. The increase - on the contrary.
- ADX - the value of ADX main line, above which the applied signal. Default - 45. Increasing the value decreases the amount of signals, but increase their accuracy. Decrease - on the contrary.
- Alert - on receipt of the indicator signal, the formation of the alert. True - displaying the alert, False - an alert is generated. By default set to False.
For getting correct entry points is recommended:
- Choose indicator parameters for each traded currency pair and respective timeframe;
- Receive the signal at first larger (for example, per hour), then wait for a similar signal at the low (say, the quarter).
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