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The Turning Points Indicator is designed by MyIndicators to pinpoint critical highs and lows within a defined lookback and lookforward period, providing traders with a clear view of potential reversal points. By analyzing recent price action, TurningPoints highlights significant high and low thresholds, allowing traders to anticipate possible shifts in market direction. This indicator displays these levels directly on the chart as horizontal lines, making it easy to identify key support and resistance zones at a glance.
In any market, identifying where prices are most likely to reverse can provide a significant advantage. Turning Points makes this analysis seamless by automatically tracking the highest and lowest levels over customizable forward and backward periods. By plotting these levels, it enables traders to visualize zones of potential market inflection, helping them time entries, exits, and trend reversals with increased awareness of critical price levels.
The Turning Points Indicator from MyIndicators is perfect for traders seeking a straightforward yet effective method for identifying critical reversal zones. By marking recent high and low levels within customizable periods, Turning Points provides a unique perspective on price action and helps traders align their strategies with emerging support and resistance areas. This custom-built ThinkOrSwim indicator is a valuable tool for anyone looking to capture potential trend shifts and price reversals with confidence.
Download the Turning Points Indicator today and bring greater clarity to your chart analysis by tracking high and low levels where the market is most likely to turn.
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