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Indicator Inflection Solver


The Indicator Inflection solver gives a favorable output (signal) when a reversal in slope occurs. This is the point at which an indicator reverses direction, known as an inflection point.

Parameters

This section is common to all solvers.  A description can be found here.
This section is common to all solvers.  A description can be found here.

Input

Select the type of data you want the solver to analyze for a reversal.  e.g. To detect when price reverses, select Price.  To detect when an indicator plot reverses, select Indicator Value.  For a detailed explanation, see the section on Data Type Selection.

Settings

The number of bars to look back to check for a inflection occurrence.  1 is the current bar.  2 equals one bar back.

Output

Sets the solver’s Long output value when the Indicator slope changes from a negative to positive. Sets the Short output value when the Indicator slope changes from a positive to negative.

Sets the solver’s Long & Short output value when no inflection occurs.  This is the inverse condition of Slope In Direction.

Decreases the output value by this amount, every bar after the crossing occurs until a value of zero or until Settings → Lookback Period expires.

Sets the solver’s Short output value when the Indicator slope changes from a negative to positive.  Sets the Long output value when the Indicator slope changes from a positive to negative.

 

Video Tutorial

This video is from our weekly Workshop titled Solvers 4-5-6, on Aug 22nd, 2012.
For more benefit please watch in full screen mode, as this video is recorded in HD.


This video is a snippet from the workshop on January 6, 2017. Find all workshop recordings here.


Examples


Example 1: The Basics

This demonstrates the basic function of Indicator Inflection solver with the use of the Stochastic D.  This Solver will be used to detect a change in direction.

  • Add the Indicator Inflection solver
  • Set Indicator > Indicator to Stochastic D

In the chart below notice the signals given when the Stochastic makes an S curve on the way up in the middle of the chart.

Example 2: Price Reversal

This demonstrates the basics of finding a Price reversal using the Indicator Inflection solver. This Solver will be used to detect a change in direction of the ProRenko bar. This will work on other bar types as well.

  • Add the Indicator Inflection solver
  • Set Indicator > Type to Price with Price Type Long/Short set to Close

In the chart below notice the signals mark the reversal bars.