Three Peaks
- Indicators
- Mpendulo Chiliza
- Version: 1.0
- Activations: 1531
This is a trend indicator. The 3 Peaks indicator alerts you on the screen when it recognise 3 peaks in a row. Works regardless of the representation chart, time-frame or currency pair/commodity being used.
[screenshot]
What is a Peak?
Definition: A peak is when the price line makes an up-side-down V shape. A Peak is made up of three bars.
Formula: The first bar closing/opening price must be less then the closing/opening price of the second and third bar, and the third bar closing/opening price must be lesser then the second bar’s closing/opening price.
[image graphs]
Graph:
{3 bars screen shot}
Why use 3 Peaks: Research has found that the market always continues a bull trend when its price has goon through 3 peaks in a row. Use our indicator to precisely predict a bull market.
Display:
• #1 Peak has the color Pink
• #2 Peak has the color Yellow
• #3 Peak has the color Red (Alert is triggered to your screen) "Please anticipate a trend"
[screenshot of peaks following each other]
Analysis: Our analysis is based on the fundamental principle 101, that is events drive the market, hence certain types of event will push the price to perform a peak movement, once we have 3 Peaks in a row, we assume that an event is occurring, so a trend is anticipated.
Mission: Is to develop Indicators/Expert Advisers that reflect a precise price pattern of the market, regardless of the representation chart, time-frame or currency pair/commodity being used.
