Market / MetaTrader 5 / Utilities /

Peaks and Troughs v2

100 USD

Demo downloaded: 1

Published: 2 July 2024

Current version: 2.0

Peaks and Troughs v2

Utilities
Daniel Damian Palasz
Version: 2.0
Activations: 5

It is used to automatically detect and draw horizontal lines on a chart that represent price peaks and troughs based on analysis of historical price data.
The script allows the user to select the number of recent candles to analyze, the minimum gap between high and low, and the minimum number of candles needed to recognize a high or low.

It is a useful tool for traders who want to automatically detect and visualize important support and resistance levels on a chart, making it easier to make investment decisions based on technical analysis.
This also allows the user to interact via buttons on the chart to manage visibility and clear detected lines.

The set time period is important. If you are looking for support and resistance, it is worth considering showing the line on most intervals.

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