Your opinion - what is a good retracement indicator?

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Trend is currently strong is one direction, but a retracement may happen soon.

What do you use to give a warning that retracement is coming soon?

 

The TOR on your preferred timeframe to show trend exhaustion, see https://www.mql5.com/ru/code/10384

Or to show retracement, the SFX_MA_On_CCI found here

-BB-

 

The Williams Percent some times does a peak per the info on the website. Try a number lower than 14, say 11.

An interesting phenomenon of the Williams Percent Range indicator is its uncanny ability to anticipate a reversal in the underlying security’s price. The indicator almost always forms a peak and turns down a few days before the security’s price peaks and turns down. Likewise, Williams Percent Range usually creates a trough and turns up a few days before the security’s price turns up.

https://www.metatrader5.com/en/terminal/help/indicators/oscillators/wpr

 
Having a few days warning would be most useful for my scalping. :-)
 
Very interesting, and thanks, BB.
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