Trend Pullback Reversal TPR indicator MT4

For more screenshots please visit:  https://t.co/JQacXoMsNG


The TPR(Trend Pullback Reversal) indicator forms a possible price trend with Pullback and Reversal signals.
The NinjaTrader 8 version comes with a unique 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:

1. Period: number of bars used for calculations
2. Factor: Multiplier factor, small number for short trend, large number for long trend
3. ShowSignal: enable to show the signal dots
4. ShowBand: enable to show band and center line
   
   
   
   This is a video of how TPR indicator on NT8 performs in a relatively long-term downtrend of Forex AUDUSD 5min chart.
   
   https://youtu.be/ZMHcQLto_1E
   
   
   
   
   
   
   
   
   
   
   
   
    You may think it looks like supertrend or braintrend, right?
   
   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.
   
   
   
   You can see how TPR reacts to price movement from the following images.
   The orange and cyan dots give possible reversal signals.
   
   
   
   
   
   
   
   
   
   
   

macd predictor indicator for mt4

MACD predictor is a trending indicator that give you not only what direction a forex pair is moving but also how volatile the price is. When the Forex market starts giving new max or minimum level values, the Dinapoli macd predictor follows the price trend direction and pullsup the level of quit from the currency market . Stops should be applied where they are for a purpose, and in that case, should not be changed.

The whole idea behind a practical trading plan is to keep it as simple as possible.

There are two main advantages to its use.

1. You are able to determine, one period ahead of time, what price will cause the MACD to turn from a buy to a sell or visa versa. It is a cousin to the Oscillator predictor. If you take a position you know right then and there, the exact price, the current and next (future) bar will need to achieve for the MACD to cross. You can also literally see the distance the market has to go, before your current position is either helped or hindered by the force of the next MACD cross. You can do this in all time frames, as the predictor updates in real time.

2. You are able to determine the "Dynamic Pressure" on the market by clearly observing price action with the MACD Predictor history, superimposed directly on the bar chart. Dynamic pressure refers to how the market reacts to buy and sell signals. If you get a 30 minute sell on the MACD and the market goes flat for example, you know right then and there that the next buy signal is apt to be a big winner! This was something I would regularly do with the standard DiNapoli MACD but now it is so much easier to see!

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