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MetaTrader 5 Indicator | Important Extremums

The indicator displays "important" extremum points on the price chart.

It has one input parameter:

Calculation:

If High[i-1] >= MaxHigh and High[i-1] > High[i] - it is the upper extremum  If Low[i-1] <= MinLow and Low[i-1]<Low[i] - it is the lower extremum

where

MaxHigh, MinLow - the highest and the lowest prices in the range from (i-Period-1) to (i-2)

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Fig.1. Timeframe H1

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Fig.2. Timeframe H4

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