How to find price inflection points? | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Find the points or levels of manipulation of banks 13 replies

How to find out price moving below the close of the previous bar? 15 replies

Help - find the last 10 days ASK price 2 replies

How to find out the current market price? 4 replies

How can I find These Values inorder to find resistance and support levels 2 replies

Attachments: How to find price inflection points?
Exit Attachments

How to find price inflection points?

  • #1
  • First Post: Edited Dec 30, 2014 6:09am Apr 13, 2014 6:39pm | Edited Dec 30, 2014 6:09am
.
  • #2
  • Apr 13, 2014 8:27pm Apr 13, 2014 8:27pm
If using price directly, you could probably do no better than to use a simple line chart (as opposed to OHLC bars or candlesticks). As a visual aid, methinks a line chart probably shows inflexions more clearly.

Or maybe use line charts concurrently with MAs, both to confirm each other.

Good luck!
I'm not trying to convince anyone. I'm not in the "convincing" business.
  • #3
  • Apr 13, 2014 9:40pm Apr 13, 2014 9:40pm
Hi canada,

Would this be similar to a pivot point or pivot candle? If so, MetaQuotes has lots of simple pivot point/candle indicators.

Also, on the fundamental side, this pdf is what IPPC say about inflexion points. Dunno is this helpful, mate.

Happy Trading!

Attached File(s)
File Type: pdf 8209.pdf   6.8 MB | 1,529 downloads
  • #4
  • Apr 13, 2014 9:51pm Apr 13, 2014 9:51pm
Quoting canada
Perhaps use price directly instead of using moving average ?
Hello,

I am trying to develop an EA too, and I found your post interesting, to say the least. I believe that moving averages, or ultimately any indicator, can be used to derive an effective and efficient trading system. But when using indicators, you must understand that they are a derivative of price.

For that reason alone, I would recommend using price itself (price action) as the basis for any trading decisions, and using the indicators for confirmation only.

I have given this topic a lot of thought, and although there may actually be a better method out there , this is as far as I have gotten....

Any EA that wants to be developed should take into account price action, IMHO.

Some indicators are better than others, but in the end, price itself is what matters.
Please check out my blog at https://from-zero-to-hero . net
  • #5
  • Apr 13, 2014 9:56pm Apr 13, 2014 9:56pm
Quoting smash1820
{quote} Hello, I am trying to develop an EA too, and I found your post interesting, to say the least. I believe that moving averages, or ultimately any indicator, can be used to derive an effective and efficient trading system. But when using indicators, you must understand that they are a derivative of price. For that reason alone, I would recommend using price itself (price action) as the basis for any trading decisions, and use the indicators for confirmation only. I have given this topic a lot of thought, and although there may actually be a...
I agree. In fact I trade price action and now want to move towards the above mentioned system trading. If I can turn this into algorithm I can make decisions quickly in many multiples of markets.
  • #6
  • Last Post: Edited 10:43pm Apr 13, 2014 10:18pm | Edited 10:43pm
Quoting canada
If I can turn this into algorithm I can make decisions quickly in many multiples of markets.
This is what I am working on too. It's harder than it sounds, though. There are no easy answers to this crazy market of ours. Trust me, I've been working on it for several years already, and I'm still looking for the solution (although I may have come up with something).

However, I am in the process of writing a script which will determine the best currency pair to trade at any given point in time. It may be somewhat of a solution as to which currency pair to trade and when
Please check out my blog at https://from-zero-to-hero . net
0 traders viewing now