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Indicators: Extrem_N

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Automated-Trading
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Extrem_N:

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.

Fig.1. The Extrem_N indicator

Fig.1. The Extrem_N indicator

Author: Nikolay Kositsin

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