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.
This 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:
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 chart below is an example of TPR outside of band.
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