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Peak Trough Analysis Tool MT4

FREE

Published: 27 June 2017

Current version: 1.5

Peak Trough Analysis Tool MT4

4.58

Indicators
Young Ho Seo
Version: 1.5
Updated: 5 February 2020

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

Trading Strategy Guide

Using Peak Trough Analysis is documented in the link below. It is highly recommended to read this article before trading.

https://www.mql5.com/en/blogs/post/747649

In addition, you can find the trading strategy guide from the links below:

Guide for Volume Spread Analysis: https://www.mql5.com/en/blogs/post/747652

Guide for Harmonic Pattern Detection Indicator: https://www.mql5.com/en/blogs/post/747647

Guide for Momentum Indicator: https://www.mql5.com/en/blogs/post/747633

Guide for Supply Demand Indicator: https://www.mql5.com/en/blogs/post/747632

Guide for Elliott Wave Indicator: https://www.mql5.com/en/blogs/post/747668

Guide for Volatility Indicator: https://www.mql5.com/en/blogs/post/747670

Important Note

This is the off the shelf product. Therefore, we do not accept any modification or customization request on this product. In addition, we do not provide any code library or any support for your coding for this product.

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3592

John Winsome Munar 2022.06.14 14:20 #

Good indicator

68A19994 2022.02.20 09:14 #

it is a magic it is very goood

180

Csaba Zoltan Jonas 2020.12.08 11:09 #

Muy bueno

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EFW Pattern Trader is a Powerful Pattern Scanner for your trading. The main pattern detection methods in this software follows the principle of Equilibrium Fractal Wave (EFW Notation using shape ratio and propagation ratio, original concept created by Young Ho, Seo). Therefore, our EFW Pattern Trader provides an effective pattern detection algorithm. Any patterns in EFW Pattern Trader can be backtested visually in your strategy tester. Visual backtesting with pattern will show you how pattern wi

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Introduction This indicator detects volume spread patterns for buy and sell opportunity. The patterns include demand and supply patterns. You might use each pattern for trading. However, these patterns are best used to detect the demand zone (=accumulation area) and supply zone (=distribution area). Demand pattern indicates generally potential buying opportunity. Supply pattern indicates generally potential selling opportunity. These are the underlying patterns rather than direct price action. T

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Introduction to Support Resistance Indicator Support and Resistance are the important price levels to watch out during intraday market. These price levels are often tested before development of new trend or often stop the existing trend causing trend reversal at this point. Highly precise support and resistance are indispensable for experienced traders. Many typical trading strategies like breakout or trend reversal can be played well around these support and resistance levels. The Precision Sup

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Elliott Wave Trend was designed for the scientific wave counting. This tool focuses to get rid of the vagueness of the classic Elliott Wave Counting using the guideline from the template and pattern approach. In doing so, firstly Elliott Wave Trend offers the template for your wave counting. Secondly, it offers Wave Structural Score to assist to identify accurate wave formation. It offers both impulse wave Structural Score and corrective wave Structure Score. Structural Score is the rating to sh

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Ace Supply Demand Zone Indicator The concept of supply demand relies on the quantity mismatching between buying and selling volumes in the financial market. Supply and demand zone can provide the good entry and exit. A zone is easier to trade than a line. The supply demand zone can provide the detailed trading plan and the risk management. Its ability to predict market direction is high. There are two distinctive points about Ace Supply Demand Zone Indicator. Ace Supply Demand Zone indicator was

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Mean Reversion Supply Demand Indicator Mean Reversion Supply Demand is the indicator to detect the important supply demand zone in your chart. The concept of supply demand trading relies on the quantity mismatching between buying and selling volumes in the financial market. Typically, supply demand zone serves to predict the turning point. The wave pattern, for any supply demand zone to work as an successful trade, looks like the price must touch the base zone, move away and then return to zone

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Introduction to Double Harmonic Volatility Indicator Use of the Fibonacci analysis for financial trading can nearly go back to 85 years from today since the birth of Elliott Wave Theory by R. N. Elliott. Until now, traders use the Fibonacci analysis to identify the patterns in the price series. Yet, we could not find any one attempted to use Fibonacci analysis for the Volatility. Harmonic Volatility Indicator was the first technical analysis applying the Fibonacci analysis to the financial Volat

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Introduction to Fractal Moving Average Fractal Moving Average indicator was designed as part of Fractal Pattern Scanner. Inside Fractal Pattern Scanner, Fractal Moving Average Indicator was implemented as multiple of chart objects. With over thousands of chart object, we find that it was not the best and efficient ways to operate the indicator. It was computationally too heavy for the indicator. Hence, we decide to implement the indicator version of Fractal Moving Average indicator to benefit ou

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Introduction to Sideways Market Analyzer Notable period of Low volatility and non-trending movements in the financial market is considered as Sideways Market. Sooner or later, the low volatility will increase and the price will pick up a trend after Sideways Market. In terms of trading point of view, Sideways Market can serve as the very good entry timing for traders. Sideways Market is also quite often the representation of accumulation of large orders from big investors. Therefore, knowing the

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Introduction to Fractal Pattern Scanner Fractal Indicator refers to the technical indicator that makes use of the fractal geometry found in the financial market. Fractal Pattern Scanner is the advanced Fractal Indicator that brings the latest trading technology after the extensive research and development work in the fractal geometry in the financial market. The most important feature in Fractal Pattern Scanner is the ability to measure the turning point probability as well as the trend probabi

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How to use Pair Trading Station Pair Trading Station is recommended for H1 time frame and you can use it for any currency pairs. To generate buy and sell signal, follow few steps below to apply Pair Trading Station to your MetaTrader terminal. When you load Pair Trading Station on your chart, Pair Trading station will assess available historical data in your MetaTrader platforms for each currency pair. On your chart, the amount of historical data available will be displayed for each currency pai

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Introduction To Time Box Indicator Time Box Indicator is a must have indicator for any trader. It will display daily, weekly and Monthly box according to your preferences. Yet, you can extend any important price levels in your chart automatically. You can use them as the significant support and resistance levels. It is very simple but effective tool for your trading. Graphic Setting Use White Chart Line Style for Current Open price Daily Setting Update Timeframe for daily box Number of days

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Introduction Auto Chart Alert is a convenient tool to set alert for your trading in your chart. With Auto Chart Alert, you can set the alert line in one click in your desired location in your chart. You can even set alert over the sloped lines in your chart. Auto Chart Alert is a great tool when you have to watch out importnat support and resistance levels for your trading. You can receive the sound alert, email and push notification when the price hit the alert line at you desired location. A

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John Winsome Munar 2022.06.14 14:20 #

Good indicator

68A19994 2022.02.20 09:14 #

it is a magic it is very goood

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Reply from developer Young Ho Seo 2022.02.20 09:48 #

Yes, in addition, we have the Support Resistance Indicator with the Risk Management Tool, which means that you can do the risk managment for your trading together with Peak Trough Analysis. You can have a look at this.
https://www.mql5.com/en/market/product/77887

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Csaba Zoltan Jonas 2020.12.08 11:09 #

Muy bueno

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cvdestyfx 2020.01.07 17:09 #

This indicator puts an address to a website on the chart, taking up valuable space needed for useful information other indicators provide. It is an annoyance and shouldn't be there as it adds nothing of value to the chart. The same information can be found in the 'About' section of the indicator, so the website address is apparently only placed on the chart for marketing purposes. Indicators that do this automatically get one star from me.

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Martin Brown 2019.11.07 18:38 #

Very good tool. Probably the best fractal indicator on mt4.

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jayosworld 2019.08.28 16:01 #

Excellent! Yes, it repaints but it can help show possible reversals. I use it to determine when my possible buy/sells are.

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sunnychow 2018.12.02 17:09 #

thanks for share

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Tim Eubanks 2018.03.21 02:34 #

Good indicator

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Evgeny Belyaev 2017.09.23 10:48 #

Good!

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Ali irwan 2017.07.20 13:41 #

thank

Elena Savostyanova 2017.07.13 11:34 #

A very useful indicator. Recommend

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Andres Meza 2017.06.29 06:45 #

Once again Young has surpassed all expectations with his products. Fully recommended.

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.