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Those interested can download a demo version of the indicator, which does not display its data on the last 25 bars, but is ideal for testing.

Those interested can download a demo version of the indicator, which does not display its data on the last 25 bars, but is ideal for testing.

The Turning point of price indicator displays the expected price reversal points on the chart. It is based on the use of data from the Prise Reverse oscillator, as wellas the standard ADX. As soon as the indicator value Prise Reversal falls into the overbought or oversold (zone size is set by the user), and the value of the ADX main line exceeds the set, the indicator Turning point of price draws the arrow showing the direction of future price movement. This idea is described in the article“Indicator price action reversal”.

  • PR – the size of the overbought/oversold zones of the Prise Reverse indicator. The default value is 20. A decrease in this value leads to a decrease in the number of signals of the Turning point of price indicator, but at the same time their accuracy increases. The increase is the opposite.
  • ADX – the value of the main ADX line, when exceeded, the signal is sent. The default value is 45. Increasing the value leads to a decrease in the number of signals, but an increase in their accuracy. The decline is the opposite.
  • Alert – when the indicator signal is received, an alert can be generated. True – displaying the alert, False-the alert is not generated. By default, it is False.
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To get the correct entry points, we recommend:

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Published

27 October 2015

Updated

Current Version

1.0

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