ExtremeFinder

5

Description:

ExtremeFinder analyze chart and find local extremes - maximum and minimum. Searched extreme is always of opposite type then previous. Local extreme is confirmed when price difference is higher then set price difference, but not sooner then after set number of candles. Two different types of Local extreme confirmation are performed: Normal for common Price changes, Quick for steep Price changes. Price difference to confirm local extreme can be set as absolute value, in percent of local extreme price or as a multiple of ATR in time of local extreme. Confirmed local extreme is depicted by filled circle, unconfirmed by blank circle.

Settings:

Number of candles to confirm common extreme: When Price moving reasonably, Local extreme can't be confirmed sooner then after set number of candles. Default value is 16.

Number of candles to confirm steep extreme: When Price moving steeply (price move below previous Local min or above previous Local max), Local extreme can't be confirmed sooner then after set number of candles. Default value is 4.

Price method to confirm extreme: Method to determine price difference to confirm local extreme. Following can be selected:

  • ABSOLUTE: Current price and local extreme price difference to confirm local extreme is set as absolute value.
  • ATR: Current price and local extreme price difference to confirm local extreme is set as multiple of ATR value in the time of local extreme.
  • PERCENT: Current price and local extreme price difference to confirm local extreme is set in percents of price of local extreme

Price difference parameter to conf. extreme: Parameter to calculate price difference to confirm local extreme. Meaning differs in dependence of previou parameter:

  • For ABSOLUTE method: Absolute price difference shall be set. Range is 0 to instrument price.
  • For ATR method: Multiple of ATR shall be set. Value shall be above 0.
    • Example: Pending local maximum price is 12300, ATR at pending local max. time is 38, Price difference parameter is 2.
    • Pending local maximum will be confirmed when price drops to 12300 - (38 * 2) = 12224.
  • For PERCENT method: Percents of local extreme price shall be set. Range is 0 to 100.

ATR period if ATR selected as conf. method: ATR period (if ATR selected as price method). Default value is 14.

Restricted free DEMO version of ExtremeFinder can be found in free section as ExtremeFinder DEMO.



























































































Reviews 1
jmhuang
3144
jmhuang 2021.06.13 16:49 
 

very good indicator if combined with Elliott Wave analysis. Deserves 5 stars

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Stop searching for and trying new indicators! Get Winshots Massive FX Profits indicator and set yourself apart from the crowd.  Years of trading experience led us to the building of this all in one indicator! Trade like the pro with Winshots Massive FX Profits! This indicator uses the following methodologies to help you become a more consistent profitable trader: - MARKET VOLUME PROFILE - DAILY CANDLE OUTLINE  - ATR LEVELS - DAILY PIVOTS LEVELS - PRICE CYCLES ANALYSIS What is VOLUME PROFILE?
TrendMaestro
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Indicators
Attention: beware of SCAMS, TRENDMAESTRO is only ditributed throught MQL5.com market place. note: this indicator is for METATRADER4, if you want the version for METATRADER5 this is the link:  https://www.mql5.com/it/market/product/108106 TRENDMAESTRO ver 2.5 TRENDMAESTRO recognizes a new TREND from the start, he never makes mistakes. The certainty of identifying a new TREND is priceless. DESCRIPTION TRENDMAESTRO identifies a new TREND in the bud, this indicator examines the volatility, volumes a
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5 (1)
Indicators
Price & Time Market Structure Indicator A professional market structure tool that analyzes waves through both price and time — not price alone. Main Description NeoWave PRO is a professional market structure indicator for MetaTrader 4 designed for traders who want to move beyond traditional one-dimensional wave tools such as ZigZag, swing indicators, and basic high/low systems. Most wave indicators analyze only one thing: Price. But a real market wave is not only a price movement. A true wave de
Smart Price Action Concepts
Issam Kassas
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Indicators
This product was   updated   for the   2026 market   and   optimized   for the   latest MT5 builds . PRICE UPDATE NOTICE: Smart Price Action Concepts   is currently available for $200. The price will   increase to $299   after the next   30 purchases. SPECIAL OFFER:  After purchasing , send me a private message to claim FREE Bonus + Gift. First of all Its worth emphasizing here that this Trading Tool is Non Repainting , Non Redrawing and Non Lagging Indicator , Which makes it ideal for profes
PZ Day Trading
PZ TRADING SLU
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Indicators
Effortless trading: non-repainting indicator for accurate price reversals This indicator detects price reversals in a zig-zag fashion, using only price action analysis and a donchian channel. It has been specifically designed for short-term trading, without repainting or backpainting at all. It is a fantastic tool for shrewd traders aiming to increase the timing of their operations. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Amazingly easy to trade It provides
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ContiStat MT5 Restricted
Matous Bartl
Indicators
ContiStat restricted - Free DEMO version of the ContiStat indicator Free version of the indicator is ment as DEMO of full paid version. Full functionality is available, however The indicator work only on M30 chart period . Find the ContiStat indicator for full functionality Brief description The ContiStat indicator calculate statistic frequency of green (up) and red (down) movement in the chart and determine movement dynamics (silver curve). There are two key parameters to understand the ContiSt
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ContiStat restricted
Matous Bartl
Indicators
ContiStat restricted - Free DEMO version of the ContiStat indicator Free version of the indicator is ment as DEMO of full paid version. Full functionality is available, however The indicator work only on M30 chart period . Find the ContiStat indicator for full functionality Brief description The ContiStat indicator calculate statistic frequency of green (up) and red (down) movement in the chart and determine movement dynamics (silver curve). There are two key parameters to understand the ContiS
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DataGrabber
Matous Bartl
Utilities
DataGrabber The database creator DataGrabber store selected instrument history to .csv files. It's purpose is to automatically create extensive history database. DataGrabber is added to the selected instrument chart window as an indicator. It periodically check presence of bar data on the server and presence of .csv files on client PC (local database). If missing files detected in local database, it's created, filled with data and added to the database. Range of bar history in days beeing ch
TrendWatch
Matous Bartl
Indicators
Brief description TrendWatch indicator analyze chart trend strength and acceleration. Analysis is based on close price SMA with configurable period. Result is given as set of two curves in the indicator window. Blue (default color) curve identify trend direction and strength. Yellow curve (default color) identify trend tendency to accelerate/deceleare. Scale of curves is normed to maximal value in given time period. Both curves can be additionally smoothed using configurable SMA and/or set to z
ContiStat
Matous Bartl
Indicators
Brief description The ContiStat indicator calculate statistic frequency of green (up) and red (down) movement in the chart and determine movement dynamics (silver curve). There are two key parameters to understand the ContiStat principle: Block height and Block count . The ContiStat engine convert instrument price chart move to Blocks of constant height (price) regardles of how much time it take. Example 1: Block height is set to 50. DE30 index price make move from 15230 to 15443 in an hour. 4 g
ContiStat MT5
Matous Bartl
Indicators
Brief description The ContiStat indicator calculate statistic frequency of green (up) and red (down) movement in the chart and determine movement dynamics (silver curve). There are two key parameters to understand the ContiStat principle: Block height and Block count . The ContiStat engine convert instrument price chart move to Blocks of constant height (price) regardles of how much time it take. Example 1: Block height is set to 50. DE30 index price make move from 15230 to 15443 in an hour. 4 g
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jmhuang
3144
jmhuang 2021.06.13 16:49 
 

very good indicator if combined with Elliott Wave analysis. Deserves 5 stars

Matous Bartl
2887
Reply from developer Matous Bartl 2021.09.03 14:28
Many thanks for review.
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