Peaks and Troughs MT5

5
The indicator detects important peaks and troughs (extremes) on the chart.
These points can be used to plot support/resistance levels and trend lines, as well as any other graphical analysis.
These points can serve as reference points for setting trading orders.
The indicator does not redraw.

Settings:

  • Size_History - the size of the calculated history.
  • Num_Candles_Right - number of candles to the right of the peak or trough.
  • Num_Candles_Left - number of candles to the left of the peak or trough.
  • Type_Arrows_extremum - label style.
  • Send_Sound - sound alert.  
  • Send_Mail - send an email notification.  
  • Send_Notification - send a mobile notification.  
  • Send_Alert - standard terminal alert.
Comentários 1
krisnara123
2210
krisnara123 2021.05.04 05:22 
 

This indicator helps finding peaks and valleys .It uses green and red dots .By using the "number of candles" parameter,one can qualify the type of swing .The dots dont repaint which was important criteria for me.The peaks and troughs dots also make drawing trend lines and pitchforks easier.It is visually pleasing to the eyes.

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Utilitários
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Indicadores
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The indicator displays a stock chart of a non-standard type, in which the price and time have the same value. The usual chart of Japanese candlesticks does not take into account all the information that the time analysis can give. Renko charts do not use all the information that price can give in relation to time. The "Chart Price and Time" indicator takes into account price and time equally and shows the predominance of price or time. Taking into account price and time equally gives an idea
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Indicadores
The indicator determines the strength of the trend and its possible reversal points, based on the author's arithmetic approach . Each new peak or trough is a trend development. Such peaks and troughs are numbered so that the strength of the trend development can be seen. Attempts to change the trend are also numbered. This gives an understanding of a possible change in the direction of the trend. Indicator signals are generated when trying to change the trend . In the settings, it is possible
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krisnara123
2210
krisnara123 2021.05.04 05:22 
 

This indicator helps finding peaks and valleys .It uses green and red dots .By using the "number of candles" parameter,one can qualify the type of swing .The dots dont repaint which was important criteria for me.The peaks and troughs dots also make drawing trend lines and pitchforks easier.It is visually pleasing to the eyes.

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