The Turning Points add-on for the NeuroShell Trader series is based on the concept of finding local peaks and valleys in a price series.

A turning point (TP) peak is defined as the point where the high is higher than or equal to any other highs in the neighborhood of the point. A turning point valley is defined as the point where the low is lower than or equal to any other lows in the neighborhood of the point.

The above definitions are illustrated by an example graph below.

The add-on contains indicators that do all of the following with respect to these turning points:

• Plot straight lines from one turning point to the next
• Plot support and resistance lines horizontally from the peaks and valleys
• Compute an oscillator which shows how the current close compares to a number of previous support or resistance levels
• Plot horizontal Fibonacci retracement lines calculated from peak to valley or valley to peak segments
• Compute statistical measures (mean, median, and standard deviation) of the price differences, time differences, and slope differences between turning points in a user-defined window
• Provide the probability that the current price level is at a new turning point based upon either of two of the computed statistical measures

Price: $299 for online delivery

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