ExtremeFinder DEMO
- Индикаторы
- Matous Bartl
- Версия: 3.10
- Обновлено: 26 декабря 2021
Description:
ExtremeFinder DEMO 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. NOT AVAILABLE IN DEMO.
- 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. NOT AVAILABLE IN DEMO.
- 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. NOT AVAILABLE IN DEMO.
- For ATR method: Multiple of ATR shall be set. Value shall be above 0. NOT AVAILABLE IN DEMO.
- 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.
DEMO RESTRICTIONS:
Only PERCENT value can be selected and set as local extreme price difference confirmation mechanism.
Indicator WORK ONLY ON M30 TIMEFRAME.
Full version of ExtremeFinder can be found in paid section.
Bait and switch. Limited usage.