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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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A key element in trading is zones or levels from which decisions to buy or sell a trading instrument are made. Despite attempts by major players to conceal their presence in the market, they inevitably leave traces. Our task was to learn how to identify these traces and interpret them correctly. Reversal First Impulse levels (RFI)   -  Version MT4                  INSTRUCTIONS                 RUS                 ENG                         R ecommended to use with an indicator   -  TREND PRO  
Was: $249  Now: $99   Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using. Inspired by Jim Dalton’s book “Mind Over Markets”, this indicator is designed to suit the
Dark Power MT5
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PZ Swing Trading MT5
PZ TRADING SLU
5 (4)
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Blahtech Supply Demand MT5
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4.57 (14)
Was: $299  Now: $99   Supply Demand uses previous price action to identify potential imbalances between buyers and sellers. The key is to identify the better odds zones, not just the untouched ones. Blahtech Supply Demand indicator delivers functionality previously unavailable on any trading platform. This 4-in-1 indicator not only highlights the higher probability zones using a multi-criteria strength engine, but also combines it with multi-timeframe trend analysis, previously confirmed swings
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5 (4)
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Golden Gate Algo MT5
James David Lane
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40% DE DESCONTO PARA O NATAL! AUMENTO DE PREÇO PARA $250 EM 1º DE JANEIRO! Apresentando GoldenGate Entries: Uma Solução de Negociação de Ponta! Descubra uma abordagem revolucionária para a negociação com o GoldenGate Entries (GGE), um indicador avançado projetado para elevar sua experiência de negociação. O GGE oferece um conjunto abrangente de recursos para capacitar os usuários com precisão e confiança em suas decisões de negociação. Pares: Qualquer (FX - Commodities - Equities - Ações
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The indicator trades during horizontal channel breakthroughs. It searches for prices exceeding extreme points or bouncing back, monitors night flat and defines targets using customizable Fibo levels with a sound alert, which can be disabled if necessary. The indicator allows you to create a horizontal channel between the necessary extreme points in visual mode quickly and easily. It automatically applies your selected Fibo levels to these extreme points (if the appropriate option is enabled in t
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The indicator trades during horizontal channel breakthroughs. It searches for prices exceeding extreme points or bouncing back and defines targets using customizable Fibo levels with a sound alert, which can be disabled if necessary. The indicator allows you to create a horizontal channel between the necessary extreme points in visual mode quickly and easily. It automatically applies your selected Fibo levels to these extreme points (if the appropriate option is enabled in the settings). Besides
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Versão 1.3 2021.11.26
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