The iCrossAD signal indicator: an indicator of possible price reversals
Signal indicator iCrossAD shows possible reversals or pullbacks of the price movement. Based on the intersection of the A/D line trend lineThe filter is based on the extremums of the A/D indicator. To filter the signals, one filter is added based on the CCI indicator.
If the trend line plotted on the A/D indicator chart is crossed by the indicator line, then most likely the price will soon cross the trend line plotted on the price chart as well. Thus, you can expect a reversal or pullback of the price movement after this indicator's signal.
The experts at fortrader.org point out that iCrossAD signal indicator only displays the arrows at the moment the trend line breaks through. The decision to enter to buy or sell should be made separately, for example - to analyze the price chart and the trend line drawn on it.
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