Turning Points 1.0

Metatrader Indicator (MT4/MT5)

  • Overview

    This indicator examines the price structure of fractals of different periods to determine possible reversal points in the market, providing timing to positional traders that already have a fundamental or technical valuation model. Unlike its younger brother, Reversal Fractals, this indicator won't miss reversals because of the period selected, and will find reversal fractals on a zig-zag fashion, ignoring those reversals which do not carry enough momentum to start a sustained price movement.

    • Turning points can start long trends
    • The indicator is non repainting
    • It implements alerts of all kinds
    • Customizable colors and size

    This indicator is a reactive or lagging signal, because a a fractal is a formation of an odd number of bars being the middle bar the highest or lowest in the formation, and the indicator draws when the all bars in the fractal close.

    This indicator is not a boiled-down signals indicator nor a complete trading system. However, traders with a pre-existing directional bias will find this indicator extremely useful, picking up early entry points.

  • Input parameters
    Input parameters

    When loading the indicator or EA to any chart, you will be presented with a set of options as input parameters. Don't despair if you think they are too many, because parameters are grouped into self-explanatory blocks.

    Min Fractal
    Minimum amount of bars on a fractal. Must be an odd number such as 3, 5, 7, 9, 11, 13, ...
    Max Fractal
    Maximum amount of bars on a fractal. Must be an odd number such as 3, 5, 7, 9, 11, 13...
    Max History Bars
    Amount of past bars to evaluate when the indicator loads.
    Colors
    Customize arrows and lines colors and sizes.
    Alerts
    Enable or disable alerts of all kinds.
  • ? FAQ
    Does the indicator repaint?
    No, it does not!
  • Comments

    Keep comments tidy and respectful. Avoid spam, offensive remarks, self-promotion and posting personal or payment information. The comment section is for discussion and questions only. Please note that we'll never solicit payments in the comments section.

Screenshots

Turning Points Indicator for Metatrader
Turning Points Indicator for Metatrader
Turning Points Indicator for Metatrader
Turning Points Indicator for Metatrader
Turning Points Indicator for Metatrader
Turning Points Indicator for Metatrader
Turning Points Indicator for Metatrader
Turning Points Indicator for Metatrader