Finally an order flow based indicator to determine turning points in the markets. Introducing the Turns.
The Orderflows Turns was designed to take core aspects of order flow analysis so that traders who want to add order flow analysis can do it in a simple and easy way.
The Orderflows Turns combines the following aspects of order flow as well as technical analysis:
• Point Of Control.
• Volume In The Bar.
• Volume Traded On The Bid x Ask.
• Price Action.
• Swing Analysis.
This indicator is a great tool for short term traders and scalpers.
It will help you in markets that are consolidating as well as markets that are trending.
In trading, you need more than one trade plan because the markets are not static, they are constantly changing. From consolidating to trending back to consolidating and so on.
If your trade plan only works in a consolidating market, then you will get crushed in a trending market. The same is true if your trading plan (method) only works in trending markets – you will get chopped to death in a sideways market.
The Orderflows Turns helps solve that dilemma, as it performs well in both sideways markets as well as trending markets.
This indicator works on bar charts as well as Orderflows Trader based charts.
To learn more visit: http://www.orderflows.com/turns.html