Tutorial 19

The 'Tops and Bottoms' indicator

This tutorial will cover the 'Tops and Bottoms' indicator.

 

 

 

Add the 'Tops and Bottoms' indicator to your chart. Will display by default at the bottom of the screen.

• The 'Overbought' zone appears at the top, in blue.

• The 'Oversold' zone appears at the bottom, in red.

• Top: The last bar of the blue 'Overbought' zone, if the line entered, touched or very nearly touched the zone.

(These arrow lines were manually drawn to help you understand. They do not appear in the indicator.)

• Bottom: The last bar of the red 'Oversold' zone, if the line entered, touched or very nearly touched the zone.

Optionally, check the box(es) 'Strong 1' and/or 'Strong 2' to see where the movement/trend is strong.

Here is 'Tops and Bottoms' along with the 'Strength' and 'Angle' indicators.

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Angle indicator tutorial.

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