Extremum catcher MT5

The Extremum catcher MT5 indicator analyzes the price action after breaking the local Highs and Lows and generates price reversal signals with the ability to plot the Price Channel. If you need the version for MetaTrader 4, see Extremum catcher.

The indicator takes the High and Low of the price over the specified period - 24 bars by default (can be changed). Then, if on the previous candle, the price broke the High or Low level and the new candle opened higher than the extremums, then a signal will be generated on the zero candle and an arrow for entering a deal (reversal) is drawn, while the extremum levels are marked with lines on the chart.

It is possible to filter the Highs as confirmed (Extremum) or unconfirmed (Maximum), this option can be enabled in the settings.

In order to receive push notifications to your mobile terminal, you should properly configure your MetaQuotes ID in terminal settings (see the article for details).


Settings

  • barPeriod - number of candles to search for local extremums.
  • Alert - enable sound notification about signal appearance.
  • Send notifications - allow sending push notifications to your mobile terminal.
  • Type search by - type of entry searching based on formed extremums - Extremum, or based on maximums - Maximum.
  • Show Local Extremum and Maximum - enable/disable display of the local levels.
  • Show all Extremum and Maximum - enable/disable display of all used levels.
  • Show Price Channel - display the Price Channel indicator on the chart.
  • Arrow indentation - offset for arrows. If the arrows on the chart gets in your way (they are placed at candle Open), this option allows to move them away from the candles.
  • Color Sell - color of the Sell arrow.
  • Color Buy - color of the Buy arrow.
  • Color Price Channel - color of the price channel (if it is enabled).


Indicator buffers

  • 0 - Buy signals if there is no signal = 0;
  • 1 - Sell signals if there is no signal = 0;
  • 2 - Upper border of the Price Channel;
  • 3 - Lower border of the Price Channel.


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Super Signal Market Slayer No Repaint | High Accuracy | Multi-Market Intelligent Trend Indicator In trading, the real challenge is not placing an order, but clearly seeing when a trend has truly begun amid market noise. Market Slayer was created for this purpose. It is a no-repaint intelligent indicator designed specifically for intraday trading. Through multi-layer confirmation and trend-filtering logic, it delivers clear and reliable Buy / Sell signals only at key moments. Key Advantages No r
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Chronos Fractal Engine is an innovative price projection indicator for MetaTrader 5, designed to transform your technical analysis by intelligently identifying and projecting historical price patterns. Built upon an advanced correlation algorithm and the fractal principles of the market, this powerful tool visualizes potential future price movements, giving you a unique edge in your trading decisions. What is Chronos Fractal Engine? At its core, the Chronos Fractal Engine employs a sophisticat
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When using CCI (Commodity Channel Index) oscillator, the waiting time till the next signal can be long enough depending on a timeframe. CCI Alerts indicator prevents you from missing the indicator signals. It is a good alternative for the standard CCI indicator. Once there appears a CCI signal on the required level, the indicator will notify you with a sound or push, so you will never miss an entry. This is especially significant if you follow the indicator in different timeframes and currency p
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This indicator is a modification of the RSI Alerts indicator, but without a separate RSI indicator window and with signal arrows directly on the symbol's chart. This saves space on the symbol's chart without losing the quality of the received signals and notifications. Just like RSI Alerts, the indicator can provide sound alerts, push notifications, the ability to send messages to email has been added, as well as drawing arrows at the location where the signal appears. Arrow display can be turne
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