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   Turn Price     
TURN PRICE

Overview

The Turn Price indicator is used to show prices on chart peaks and dips. It is based on the Zig Zag indicator, which filters out changes that are less than a specified amount. The Turn Price indicator only shows significant changes.


Interpretation

The Turn Price indicator is used primarily to help you see the price where the most significant reversals occurred.

Like the the Zig Zag indicator, the Turn Price indicator can adjust its values based on subsequent changes in the underlying plot. Please don't try to create a trading system based on this indicator-- its hindsight is much better than its foresight!


Calculation

The Turn Price indicator is calculated using the Zig Zag algorithm. Prices are displayed at the significant reversal points.

 


 






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