The Extreme System
- Indicators
- Anton Iudakov
- Version: 1.0
Defines extremes.
This indicator consists of two parts.
- The first draws lines on the chart indicating low volatility in relative daily market activity.
- The second is responsible for determining the extremum and gives signals to buy or sell.
This system is suitable for all instruments.
It is recommended to use a timeframe from m15 to h4.
Before using, you need to choose the settings for yourself.
- Configure lines deviation.
- Specify volatility coefficient.
Advantages
- The indicator does not repaint its signals.
- There are signal alerts.
- Perfect for intraday scalping.
Settings:
Name | Description |
---|---|
Indicator period | Indicator period |
Deviation | Deviation of lines |
Trend Strength Factor | Volatility Ratio. Set values from 0.1 to 1.0 |
Distance for arrows | Distance to draw the arrow of the corresponding signal. If 0 - will be drawn at the opening point of the candle. |
Alerts | Alert permission. |
Also see other products of this author:
https://www.mql5.com/ru/users/tonybeat/seller
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