The TPR(Trend Pullback Reversal) indicator forms a possible price trend with Pullback and Reversal signals.
The NT8 version comes with a unqiue band and center line as additional features.
TPR works on all timeframes and all symbols and all type of bar chart.
TPR never repaints.
The NT8 version comes with a unqiue band and center line as additional features.
TPR works on all timeframes and all symbols and all type of bar chart.
TPR never repaints.
There are 4 Parameters:
- Period: umber of bars used for calculations
- Factor: Multiplier factor, small number for short trend, large number for long trend
- ShowSignal: enable to show the signal dots
- ShowBand: enable to show band and center line
Actually, most trend indicators have similar plot, the differences are where and when they give signals.
Unlike
other trend indicators, TPR will focus on main trend and filter out
most minor price movements. The green cross-line represents an uptrend,
the red cross-line represents a downtrend and the blue dots are signals
for possible reversals.
The additional band and center line may look like bollinger band, but the TPR band algorithm is completely different from bollingerband. There is no standard deviation in TPR band calculation.The following image is a comparision of TPR and BOLL.
The TPR band gives a possible range of the TPR movement, if TPR is outside of the band for many bars or far away from the band, it could be a sign of trend reversal.
The chart below is an example of TPR outside of band.
You can see how TPR reacts to price movement from the following images.
The orange and cyan dots give possible reversal signals.
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The following image shows where you can find the TPR column in Market Analyzer.
It will display "Up trend start" if current bar is the first bar that turns into up trend.
It will display "Down trend start" if current bar is the first bar that turns into down trend.
Otherwise, it will display "Up trend" or "down trend" in corresponding indicator status.
For more screenshots please visit: https://t.co/JQacXoMsNG
VIP price is $79. This is 1 year license, you will get both NT7 and NT8 version with the purchase.
Trend Pullback Reversal TPR indicator for NinjaTrader NT8
Trend Pullback Reversal TPR indicator for NinjaTrader NT7
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