Price Position Signals Based on an Angle Line
Summary
The PricePosition indicator is described as a rule-based display that compares price with an angle section line. It marks a buy when price rises above the line and a sell when price falls below it. It also displays current open, high, low, and close values, and can alert users when the angle direction changes.
The document provides only a brief description of the indicator and a note about display and alert settings added in a 2016 update. It does not define how the angle line is calculated, explain how signals are timed, or provide backtest results, examples, or risk guidance. As a result, it outlines a possible technical signal but does not provide enough detail to evaluate its behavior or trading performance.
Key ideas
- The indicator signals a buy when price moves above its angle section line.
- It signals a sell when price moves below that line.
- It displays current OHLC values and can alert users to changes in angle direction.
- The document does not specify the line calculation or show evidence of strategy performance.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.