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Extremum Reverse Bar

This indicator has been created for finding the probable reversal points of the symbol price. A small candlestick reversal pattern is used it its operation in conjunction with a filter of extremums. The indicator is not redrawn!

  • If the extremum filter is disabled, the indicator shows all points that have a pattern.
  • If the extremum filter is enabled, the condition works – if the history Previous bars 1 candles back contains higher candles and they are farther than the Previous bars 2 candle, such an input is not considered an extremum. Previous bars 1 and Previous bars 2 are specified in the settings.

It is possible to receive sound and push notifications about the presence of an indicator signal. In order to enable sending messages about the signals to the mobile terminal, set SendNotifications = true, with the MetaQuotes ID configured in advance (read here if you do not know where).

With the default settings, a pink dot shows the assumed reversal bar (Revers bar color), blue and red arrows indicate the expected entries (Bull color and Bear color).


Settings

  • Alerts – enable sound notifications.
  • Send Notifications – enable push notifications.
  • Send Email Notifications - enable email notifications.
  • Extremum filter – enable the extremum filter.
  • Previous bars 1 – the number of candles to check in the filter.
  • Previous bars 2 – the number of candles that must not contain new highs/lows.
  • Bear color – color of the bearish candlesticks.
  • Bull color – color of the bullish candlesticks.
  • Revers bar color – color of the dot that marks a reversal bar.
  • Start Bar – the initial bar for searching, default = 0.
  • Limit Bars (0 = No limit) – the number of bars to check starting from the initial bar, limited to 1000 bars by default. This option slightly reduces the load.

If you need any additional functionality for the indicator, contact me.

Comentários 7
Aravind
6640
Aravind 2020.11.22 21:11 
 

Simple and good!

Aleksandr Tamonin
1958
Aleksandr Tamonin 2017.08.03 20:31 
 

Хороший индикатор!

Victor Manuel Valderrama Zamora
4846
Victor Manuel Valderrama Zamora 2019.04.19 02:45 
 

thanks for sharing

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This is a very comfortable tool to analyze important trend-channels of the market. It calculates the channels according to your settings on the panel and automatically saves every important setting for every symbol and period! With it's graphical interface, it is very easy to use! Please watch the YouTube video in HD. You can find a demo-version (limited to USDCAD) here: Trend Channels Demo This tool does not work in the strategy-tester! Parameters: ChannelsColorM1 - ChannelsColorMN1 : Colo
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This is the FXTraderariel-Indicator . It scans the market for opportunities and creates a buy or sell signal. Depending on the settings and trading style, it can be used for scalping or long-term trading . The indicator can be used on every time frame , but we advise to use it on H1, H4 and D1 . Especially if you are a novice trader. Pro Traders can also you use it for scalping in smaller timeframes (M1, M5 and M15). This indicator is not a complete trading system. It doesn't give you exit point
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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
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DeMarker Alerts MT5
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You can avoid constant monitoring of computer screen waiting for the DeMarker signal while receiving push notifications to a mobile terminal or a sound alert on the screen about all required events, by using this indicator - DeMarker Alerts. In fact, it is the replacement of the standard indicator with which you will never miss the oscillator signals. If you don't know the benefits of DeMarker or how to use it, please read here . If you need signals of a more popular RSI indicator, use RSI Alert
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MFI Alerts MT5
Yurij Izyumov
If you use the MFI (Money Flow Index) indicator, the waiting time till the next signal can be long enough. Now you can avoid sitting in front of the monitor by using MFI Alerts. This is an addition or a replacement to the standard MFI oscillator . Once there appears an MFI signal on the required level, the indicator will notify you with a sound or push, so you will never miss a signal. This is especially significant if you follow the indicator in different timeframes and currency pairs, which ca
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Filtro:
Aleksandr Tamonin
1958
Aleksandr Tamonin 2017.08.03 20:31 
 

Хороший индикатор!

Gennadiy Voltornist
12021
Gennadiy Voltornist 2017.10.22 19:40 
 

Usuário não fez qualquer comentário quanto a classificação

Andrey Litvichenko
7652
Andrey Litvichenko 2017.10.29 05:12 
 

Usuário não fez qualquer comentário quanto a classificação

AlexanderSh
146
AlexanderSh 2017.11.13 15:25 
 

Usuário não fez qualquer comentário quanto a classificação

Tim Eubanks
5537
Tim Eubanks 2018.03.16 01:47 
 

This is an 50/50 coin flip indicator.

Victor Manuel Valderrama Zamora
4846
Victor Manuel Valderrama Zamora 2019.04.19 02:45 
 

thanks for sharing

Aravind
6640
Aravind 2020.11.22 21:11 
 

Simple and good!

Responder ao comentário
Versão 1.1 2019.08.24
Email notification has been added, as well as a sound alert has been fixed so that it does not give unnecessary signals.