Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2016.04.13 15:41
Indicators

Extrem_N - indicator for MetaTrader 5

| English Русский 中文 Español Deutsch 日本語 Português

Views:
939
Rating:
votes: 14
extrem_n.mq5 (5.88 KB)view

Real author:

Serkov Alexandr

A plain and simple indicator. The indicator considers there is a downtrend, if the current low is lower than the low located N bars before.

Conversely, there is an uptrend, if the current high is higher than the high N bars before. You can set the check depth in the properties. The indicator is good for finding rollbacks to use them as entry points.

The indicator has originally been written in MQL4 and was first published in the Code Base on 09.09.2014.

Fig.1. The Extrem_N indicator

Fig.1. The Extrem_N indicator

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/14872

Notches_HTF Notches_HTF

The Notches indicator with the timeframe selection option available in input parameters.

XMA_BBx7 XMA_BBx7

Three Bollinger Bands channels based on one moving average, with the display of the last values as price labels.

Extrem_N_HTF Extrem_N_HTF

The Extrem_N indicator with the timeframe selection option available in input parameters.

XMA_BBx7_HTF XMA_BBx7_HTF

The XMA_BBx7 indicator with the timeframe selection option available in input parameters.