Level 1
Background
In Traders’ Tips of February 2021, the focus is Richard Poster’s article in the February 2021 issue, “Trend Strength: Measuring The Duration Of A Trend”.
Function
In his article in this issue, Richard Poster outlines several common ways to evaluate the strength and duration of trends. Then he evaluates their sensitivity to volatility. Next,...
The TPR(Trend Pullback Reversal) indicator forms a possible price trend with support and resistance lines. It also 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:...