Fig.1 The Extremum indicator.

Extremum – indicator MetaTrader 5

by

The real author:

Egor

This indicator identifies the maximums (the minimums) of the market using volatility corridor of prices for a certain period of time.

The indicator will be useful when searching for the optimal market entry points during a trend reversal, and also when constructing trading systems for predicting trend changes.

A signal to the trend reversal is more exact where the volatility corridor is narrowed.

This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 12.01.2010.   

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Fig.1 The Extremum indicator.

Fig.1 The Extremum indicator.


Extremum – indicator MetaTrader 5
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