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TURN PRICE
Overview
The Turn Price indicator is used to show prices on chart peaks and dips.
It is based on the Zig Zag indicator,
which filters out changes that are less than a specified amount.
The Turn Price indicator only shows significant changes.
Interpretation
The Turn Price indicator is used primarily to help you see the price where
the most significant reversals occurred.
Like the the Zig Zag indicator, the Turn Price indicator can adjust its values based on
subsequent changes in the underlying plot.
Please don't try to create a trading system based on this indicator--
its hindsight is much better than its foresight!
Calculation
The Turn Price indicator is calculated using the Zig Zag algorithm.
Prices are displayed at the significant reversal points.
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