Tops & Bottoms: How Plug-ins Spot Intraday Turning Points
The Tops and Bottoms indicator is a popular tool for Forex trading. It is used to detect possible price reversals and alert traders to take note of potential trading signals. The indicator provides visual cues that may suggest changes in the trend, such as the formation of higher highs or lower lows. This can help traders to better manage their trading positions and be better prepared for any price reversals that may develop. Additionally, it can be used to identify support and resistance levels, allowing traders to make more informed decisions when entering and exiting trades.