ATM Possible Turning Point (atmPTP)

Possible Turning Point displays likely turning points based on Elliott Wave analysis.

When the PTP alert initially appears, you may want to consider tightening your stops and beginning looking for a trade in the opposite direction.

This study has two components:

• Buy alert (Up) = blue diamond below the bar

• Sell alert (Dn) = red diamond above the bar

Colors and size of the diamond can be changed in parameters.

Each diamond is identified by a 1 or 2:

• Level 1 represents a conservative alert requiring several conditions to exist before the condition becomes true.

• Level 2 represents a slightly more aggressive entry with fewer conditions required before the condition becomes true.

Possible Turning Point parameters

Parameter	Description
Display	Opens sub-window to set parameters: • Color = Diamond color. • Text = Color of number inside diamond shape. • Weight = Diamond size. Applies to both Up and Dn.
Enable1	Turns the buy alert on and off.
Enable2	Turns the sell alert on and off.