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Peak Trough Analysis Tool MT5

Peak Trough Analysis is the great tool to detect peaks and troughs in your chart. Peak Trough Analysis tool can use three different peaks and troughs detection algorithm. The three algorithm include the orignal Fractals Indicator by Bill Williams, the Modified Fractals indicator and ZigZag indicator. You can use this peak and trough analysis tool to detect the price pattern made up from Equilibrium Fractal-Wave process. For further usage, there are good guide line on how to use this peak trough analysis tool in the chapter 11 in the book: Introduction to Price Action and Pattern Trading. This is a free tool and you can use this powerful tool for your own benefit at your own risk.


How to use

You can use in three mode.

  • Mode 1: The Fractals indicator by Bill Williams
  • Mode 2: The Modified Fractals indicator
  • Mode 3: Zig Zag indicator

To use Modified Fractals Indicator algorithm, set “Use Modified Fractals” = true.

To use for Zig Zag indicator algorithm, set “Modified Fractals” = false.

To use the original Fractals Indicator algorithm by Bill Williams, set “Use Modified Fractals” = true. Set N left = N right = 2.


Input Setting

1. Modified Fractals Setting

  • N left - N = number of bars counting to left
  • N right - N = number of bars counting to right

2. Zig Zag Setting

Use default setting unless you are familiar with ZigZag indicator.

  • ZigZag Depth
  • ZigZag Deviation
  • ZigZag Backstep

3. General Setting

  • Arrow Shift in Pixels - 10 = default
  • Use White Background Chart - true or false only
  • Enable sound alert - true or false only
  • Send email if peak or trough is found - true or false only
  • Send notification if peak or trough is found - true or false only


Reference

How to use Peak Trough Analysis is discussed in the part of these two reference books:

1. Profitable Chart Patterns in Forex and Stock Market

2. Scientific Guide to Price Action and Pattern Trading


Important Note

This product is the off the shelf product in the store. Therefore, we do not take any personal modification or personal customization request. For our products, we do not provide any code library or any support for your coding.


    Reviews 7
    Devonish
    1623
    Devonish 2019.09.13 11:46 
     

    Thank you for this. I use it with some of your other indicators which I purchased.

    Also, thank you for your continued support and development :)

    (Updated Version 1.5 just released)

    Cayetano Martin Fernandez
    87
    Cayetano Martin Fernandez 2017.08.29 13:12 
     

    Fantastico indicador de fractales ..el mejor que he probado

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    Devonish
    1623
    Devonish 2019.09.13 11:46 
     

    Thank you for this. I use it with some of your other indicators which I purchased.

    Also, thank you for your continued support and development :)

    (Updated Version 1.5 just released)

    [Deleted] 2019.01.07 20:13 
     

    User didn't leave any comment to the rating

    Gennadiy Voltornist
    11927
    Gennadiy Voltornist 2017.11.29 19:02 
     

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    Daniel Andrejczuk
    5630
    Daniel Andrejczuk 2017.11.09 02:46 
     

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    Cayetano Martin Fernandez
    87
    Cayetano Martin Fernandez 2017.08.29 13:12 
     

    Fantastico indicador de fractales ..el mejor que he probado

    SidneyFX
    34
    SidneyFX 2017.06.28 22:31 
     

    User didn't leave any comment to the rating

    Nork
    6199
    Nork 2017.06.28 05:26 
     

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    Reply to review
    Version 1.5 2020.02.05
    In version 1.5, minor improvement made on Peak Trough Analysis. We tried to tune the indicator for the usage with the Book: Profitable Patterns in Forex and Stock Market and Scientific Guide to Price Action and Pattern Trading.
    Version 1.3 2019.09.21
    In version 1.3, we have added more stable algorithm of detecting peak and trough in the indicator.