Number of messages : 264 Points : 3428 Date of Entry : 2015-04-21 Year : 34
As I understand that the higher the polarize fractal efficiency is, price increase is more effective too. Trend upward at perpendicular would be 100% effective. And if the indicator value is under zero it will be decreasing trend. The lower the polarize fractal efficiency is, the more effective is the fall.
Number of messages : 67 Points : 3322 Date of Entry : 2015-05-08 Year : 43
Polarized fractal efficiency (PFE) is a VertexFX Client Side VTL Indicator. PFE indicator measures the efficiency of price movement and its values oscillates between -1 and +1.
PFE value above zero indicates upward price move and value below zero indicate downward price move. Polarized fractal efficiency is used to anticipate trend changes. The price move reaches maximum efficiency when PFE reading reaches +1 or -1. Extreme PFE reading near -1 indicates the possibility of down trend ending, and extreme values near +1 indicates uptrend is ending. Thus PFE can be used to develop counter trend trading strategies.
The PFE indicator can be customized through the parameters, PFE calculation period, and smoothing average. PFE indicator can be used to develop trading strategies in conjunction with other indicators.