I was watching a recent webinar from TopTradeTools on their stoplight strategy and I need help trying to identify one of the indicators they use. They call it TOP Peaks and Troughs indicator, but all they usually do is rename an off the shelf indicator with their own name so I assume this is a generic indicator or at least pretty similar to something off the shelf. It appears to be the relationship between opens, closes, prior up or down close, etc. Any help is appreciated. Here's a couple screenshots from the webby. https://ibb.co/tXfSY7s and https://ibb.co/ZLbckyp

I am guessing it is the Awesome Oscillator developed by Bill Williams. I am guessing they are using the "Twin Peaks" setup as an entry signal. That indicator is available in TradeStation. If you have not seen it, check out and see what it can do for you.

I'll have a look, and thanks for responding.

@FuManChou- I don't think that's the one. The indicator I am looking for appears to be used as a trigger when other conditions are met. I think this indicator is a function of where each bar closes in relation to the last bar as well as a function of where it opens/closes within the range i.e. Yesterday closed down and in bottom 25% of range and today opened up and closed in the lower 25% of the range. Does that sound like an indicator someone has come across?

Good luck in your search. Please let us know what you find out.