Trend Extremums

5

Description: 
This indicator (with its algorithm) marks relative highs and lows, which have an array of useful applications. 

This indicator will never repaint. 

Features: 

  • Marks relative highs and lows 
    • Use this to determine points of trend continuation i.e. where the trend may pull back before continuing higher or lower, past this point
    • Or use this to determine potential points of reversal, particularly in ranging markets, or with other price action 
  • These highs and lows can sometimes be used to identify levels of potential support, resistance, or other price action e.g. double, or triple-bottoms

How to use:

Usually, this indicator can be used to swing trade on higher timeframes, with each extremum a potential point of continuation, particularly early on in the trend. 

Reversals are usually more risky, but useful in ranging markets, on lower timeframes, or sometimes with more volatile trading instruments. 

Feel free to use this indicator with other systems, or indicators, for a better view of the market overall. 
















Reviews 3
anita.svr
137
anita.svr 2025.01.11 15:52 
 

Wonderful indicator! Instrumental for my trading. Many thanks to the author!

Dougal
373
Dougal 2024.01.02 20:11 
 

Very useful for potential reversals on all time frames (particularly high) when combined with other indicators.

It could do with an alarm though

Thomas Reuschel
609
Thomas Reuschel 2024.07.15 12:19 
 

Der Indikator ist top, wenn man ein gutes Risikomanagement und RR-Verhältnis hat. Kann mich meinem Vorredner nur anschließen, dass Alarme schön wären. Mobil und Push wären top.

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anita.svr
137
anita.svr 2025.01.11 15:52 
 

Wonderful indicator! Instrumental for my trading. Many thanks to the author!

Thomas Reuschel
609
Thomas Reuschel 2024.07.15 12:19 
 

Der Indikator ist top, wenn man ein gutes Risikomanagement und RR-Verhältnis hat. Kann mich meinem Vorredner nur anschließen, dass Alarme schön wären. Mobil und Push wären top.

Luc Michael Botes
1083
Reply from developer Luc Michael Botes 2024.07.15 21:55
Vielen Dank für das positive Feedback. Es wird sehr geschätzt. Wenn ich etwas Zeit habe, muss ich zurückgehen und Benachrichtigungen hinzufügen. Möglicherweise liste ich auch einen verfeinerten Indikator wie diesen mit Warnungen und Push-Benachrichtigungen auf.
Dougal
373
Dougal 2024.01.02 20:11 
 

Very useful for potential reversals on all time frames (particularly high) when combined with other indicators.

It could do with an alarm though

Luc Michael Botes
1083
Reply from developer Luc Michael Botes 2024.01.09 23:15
Thank you so much for the positive review! This is a good point you raise, and something I will consider going forward.
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