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How to find peaks of price?

  • #1
  • First Post: Mar 23, 2019 10:57am Mar 23, 2019 10:57am
What indicator is best to find peaks (top, bottom) of price?

Share your favourite indicator/system.
  • #2
  • Mar 23, 2019 11:04am Mar 23, 2019 11:04am
If there is an indicator like that its worth billions of dollars...and it will never be posted here. lol
  • #3
  • Mar 23, 2019 1:29pm Mar 23, 2019 1:29pm
Quoting Redbaron81
If there is an indicator like that its worth billions of dollars...and it will never be posted here. lol
You didn't understand my question. I didn't ask for a perfect indicator, I asked which indicator (and there are many) is the best to find peaks as an opinion including advantages and disadvantages.
  • #4
  • Mar 23, 2019 1:34pm Mar 23, 2019 1:34pm
An example:

https://www.forexfactory.com/showthread.php?t=755101
  • #5
  • Mar 23, 2019 2:40pm Mar 23, 2019 2:40pm
How about fractals. This is always going to be dependant on the timescale you are using. Fractals use 2 hi/lo either side, Demark uses any number, Demarks work is interesting in this area. Lookup TD lines. I also some years ago read a book which included the "sushi roll" which used the highest /lowest bar for x bars followed by a break in the opposite direction.
The above don't directly answer your question but may give another perspective.
By the way the aroon indicator is good for himlo's.
  • #6
  • Mar 23, 2019 4:57pm Mar 23, 2019 4:57pm
Quoting Spikehunter
How about fractals. This is always going to be dependant on the timescale you are using. Fractals use 2 hi/lo either side, Demark uses any number, Demarks work is interesting in this area. Lookup TD lines. I also some years ago read a book which included the "sushi roll" which used the highest /lowest bar for x bars followed by a break in the opposite direction. The above don't directly answer your question but may give another perspective. By the way the aroon indicator is good for himlo's.
Fractals repaints, and with oscillators like aroon the problem is that they always "cut" and go straight at the high/low area, so that you always have the signal of high at the beginning (or at half) of an uptrend for example (exept if the movement is very short). I think that an on-chart indicator does better the job...
  • #7
  • Mar 23, 2019 5:19pm Mar 23, 2019 5:19pm
I think there is none exist.
Better to trade pull backs of the trend.
  • #8
  • Mar 23, 2019 8:37pm Mar 23, 2019 8:37pm
Quoting jo24
What indicator is best to find peaks (top, bottom) of price? Share your favourite indicator/system.
https://www.forexfactory.com/showthread.php?t=405
  • #9
  • Mar 23, 2019 10:28pm Mar 23, 2019 10:28pm
Predicting tops and bottoms of the markets is very risky, but I also attempt to take such trades due to the risk/reward being higher than a lagging trend following system. This indicator seems to be promising and is non repaint, with some filtering it could be useful to predict tops and bottoms.

https://forex-station.com/viewtopic....65#p1295361865
Attached File(s)
File Type: ex4 Chaos Visual averages 1.43.ex4   158 KB | 528 downloads
Nothing in life is to be feared, it is only to be understood.
  • #10
  • Mar 24, 2019 11:01am Mar 24, 2019 11:01am
Quoting matthew89
Predicting tops and bottoms of the markets is very risky, but I also attempt to take such trades due to the risk/reward being higher than a lagging trend following system. This indicator seems to be promising and is non repaint, with some filtering it could be useful to predict tops and bottoms. https://forex-station.com/viewtopic....65#p1295361865 {file}
Arghh...I hate ex4 files, no source code... :-) However thank you.
  • #11
  • Mar 24, 2019 11:30am Mar 24, 2019 11:30am
Just for curiosity, a 65% of success (same amount of win and loss) is not much, good, very good, or rare?
  • #12
  • Last Post: Mar 25, 2019 5:38am Mar 25, 2019 5:38am
Quoting jo24
What indicator is best to find peaks (top, bottom) of price? Share your favourite indicator/system.
Support & resistant levels on the chart helps me to find out this type of important level.
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