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Trend Extremums

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Published: 7 October 2023

Current version: 1.0

Trend Extremums

Name: Trend Extremums
Rating: 5 (2 reviews)
Author: Luc Michael Botes

Description:
This indicator (with its algorithm) marks relative highs and lows, which have an array of useful applications.

This indicator will never repaint.

Features:

Marks relative highs and lows

Use this to determine points of trend continuation i.e. where the trend may pull back before continuing higher or lower, past this point
Or use this to determine potential points of reversal, particularly in ranging markets, or with other price action

These highs and lows can sometimes be used to identify levels of potential support, resistance, or other price action e.g. double, or triple-bottoms

How to use:

Usually, this indicator can be used to swing trade on higher timeframes, with each extremum a potential point of continuation, particularly early on in the trend.

Reversals are usually more risky, but useful in ranging markets, on lower timeframes, or sometimes with more volatile trading instruments.

Feel free to use this indicator with other systems, or indicators, for a better view of the market overall.

more...

279

Dougal 2024.01.02 20:11 #

Very useful for potential reversals on all time frames (particularly high) when combined with other indicators.

It could do with an alarm though

598

Thomas Reuschel 2024.07.15 12:19 #

Der Indikator ist top, wenn man ein gutes Risikomanagement und RR-Verhältnis hat. Kann mich meinem Vorredner nur anschließen, dass Alarme schön wären. Mobil und Push wären top.

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Filter:

598

Thomas Reuschel 2024.07.15 12:19 #

Der Indikator ist top, wenn man ein gutes Risikomanagement und RR-Verhältnis hat. Kann mich meinem Vorredner nur anschließen, dass Alarme schön wären. Mobil und Push wären top.

724

Reply from developer Luc Michael Botes 2024.07.15 21:55 #

Vielen Dank für das positive Feedback. Es wird sehr geschätzt. Wenn ich etwas Zeit habe, muss ich zurückgehen und Benachrichtigungen hinzufügen. Möglicherweise liste ich auch einen verfeinerten Indikator wie diesen mit Warnungen und Push-Benachrichtigungen auf.

279

Dougal 2024.01.02 20:11 #

Very useful for potential reversals on all time frames (particularly high) when combined with other indicators.

It could do with an alarm though

724

Reply from developer Luc Michael Botes 2024.01.09 23:15 #

Thank you so much for the positive review! This is a good point you raise, and something I will consider going forward.