Turn Area - indicator for MetaTrader 4

The indicator displays the areas of the potential price reversals.

It is based on the moving average and RSI indicators, and shows their difference.

Description of the indicator settings:

• EMA_Period — The averaging period for the calculation of the Moving Average indicator.
• EMA_Method — Averaging method. Can be any of the enumeration values, SMA — simple averaging, EMA — exponential averaging, SMMA — smoothed averaging, LWMA — linearly weighted averaging.
• EMA_Price — applied price. It can be one of the enumeration values. CLOSE — close price. OPEN — open price. HIGH — High price for the period. LOW — Low price for the period. MEDIAN — median price, (high+low)/2. TYPICAL — typical price, (high+low+close)/3. WEIGHTED — weighted close price, (high+low+close+close)/4.
• RSI_Period — Averaging period for the RSI calculation.
• PSI_Price — applied price. Similar to EMA_Price.