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Obaforex Tops and Bottoms mt5

4
Obaforex Tops & Bottoms is a trading tool born out of a personal need to accurately filter tops and Bottoms and ensure consistency in the way tops and bottoms are picked for technical analysis. Mt4 version https://www.mql5.com/en/market/product/53637

It does not repaint (once top or bottom is printed, it don't disappear)
It only prints tops and bottoms after a specified No of bars or candles to the right

This tool is expected to significantly improve the decision making of almost any form of technical analysis 
Note: This indicator works similar to fractals and it's not intended for trading reversal


1. Trend Lines and Breakouts
Connecting a series of tops or bottoms (personally I prefer to use the most recent two) generated by this indicator can form a very strong line of support or resistance where a trader can either look to trade a bounce or breakout.

2. Chart Patterns
Spotting chart patterns with Obaforex tops and bottoms is just a matter of connecting tops and bottoms and see what unfolds before your eyes. These setups have incredible accuracy on almost all time frames due to the quality of the tops and bottoms connected to form them. However the higher the time frame the better

3. Divergence Trading
Obaforex tops & bottoms enable you to easily spot consecutive tops and bottoms, using your favorite oscillators, you can check for divergence between these consecutive tops or bottoms. most importantly it shows you which trend line needs to break for you to trade this divergence and make the most out of them at minimal risk

Note: Obaforex Tops and Bottoms Indicator only prints tops and bottoms on chart and all lines and arrows are manually drawn on chart to illustrate how it is intended for use ideally.

Update now includes a fully customizable fractal mode with ability to set minimum number of bars to the left and number of bars to the right to confirm fractal. Also this mode can be enabled or disabled. 

Currently working on the Mt5 version of my trendline trader to improve efficiency of trading trendline test and breakout with lines drawn based on this tops and bottoms. 
Comentarios 1
faithdefender
1726
faithdefender 2021.12.13 02:11 
 

I am disappointed in this indicator so far. The Vendor is a gentleman and always got back to me soon after my questions. However, at this time I can only give it a 4 stars. It does add the x's to the charts, but so far they are not in an order that I can draw a trendline. At the moment I have 1 X on the 1 hr oil chart. 12-9-21 at 2200 hrs. I also have a standard fractal indicator on the same chart. The fractal indicator has provided three separate areas in which I can draw a trendline, but the Obaforex has just the one. . I will give it more time and try to update, but I wont complain too much because the price didnt break the bank. UPDATE 4-29-22. I have added a photo in the comments section where you can see an example of my dillema. Thank you for the follow-up. I had forgotten since I do not use the indicator often.

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Próxima generación de zonas de oferta y demanda automatizadas. Algoritmo nuevo e innovador que funciona en cualquier gráfico. Todas las zonas se crean dinámicamente de acuerdo con la acción del precio del mercado. DOS TIPOS DE ALERTAS --> 1)CUANDO EL PRECIO LLEGA A UNA ZONA 2)CUANDO SE FORMA UNA NUEVA ZONA No obtienes un indicador inútil más. Obtiene una estrategia comercial completa con resultados probados.     Nuevas características:     Alertas cuando el precio llega a la z
Was: $249  Now: $99   Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using. Inspired by Jim Dalton’s book “Mind Over Markets”, this indicator is designed to suit the
[ MT4 Version ] Only the next 10 units at current price! Final price: $299 Are you tired of spending months on demo or live accounts to test your trading strategies? The Backtesting Simulator is the ultimate tool designed to elevate your backtesting experience to new heights. Utilizing Metatrader historical symbol information, it offers an unparalleled simulation of real market conditions. Take control of your testing speed, test ideas quickly or at a slower pace, and witness remarkable improve
Volume by Price MT5
Brian Collard
3.6 (5)
The Volumebyprice.com Indicator for MetaTrader 5 features Volume Profile and Market Profile TPO (Time Price Opportunity). Volume and TPO histogram bar and line charts. Volume Footprint charts. TPO letter and block marker collapsed and split structure charts. Static, dynamic and flexible range segmentation and compositing methods with relative and absolute visualizations. Session hours filtering and segment concatenation with Market Watch and custom user specifications. Graphical layering, posit
AW Trend Predictor MT5
AW Trading Software Limited
4.78 (58)
La combinación de niveles de tendencia y ruptura en un sistema. Un algoritmo de indicador avanzado filtra el ruido del mercado, determina la tendencia, los puntos de entrada y los posibles niveles de salida. Las señales indicadoras se registran en un módulo estadístico, que le permite seleccionar las herramientas más adecuadas, mostrando la efectividad del historial de señales. El indicador calcula las marcas Take Profit y Stop Loss. Manual e instrucciones ->   AQUÍ   / Versión MT4 ->   AQUÍ Có
Conviértase en un Breaker Trader y obtenga beneficios de los cambios en la estructura del mercado a medida que se invierte el precio. El indicador de ruptura de bloque de órdenes identifica cuándo una tendencia o movimiento de precio se acerca al agotamiento y está listo para revertirse. Le alerta sobre cambios en la estructura del mercado que generalmente ocurren cuando una reversión o un retroceso importante están a punto de suceder. El indicador utiliza un cálculo patentado que identific
**   All Symbols   x   All Timeframes   scan just by pressing scanner button ** *** Contact me after the purchase to send you instructions and add you in "Trend Reversal group" for sharing or seeing experiences with other users. Introduction: Trendlines are the most famous technical analysis in trading . Trendlines continually form on the charts of markets across all the different timeframes providing huge opportunities for traders to jump in and profit on the action. In the other hand,  The tre
Otros productos de este autor
Time Frame Changer
OBAFEMI BABATUNDE DESMOND Obafemi
Seamlessly switch between 13  (9 mt4 default and 4 popular custom)  time frame with this tool. Real ease of switching between default and custom time frames. Note indicator does not create custom time frame chart data, it only enables you to switch to and from them. Creating a custom time frame can be done using the default mt4 period converter script attached to a lesser default mt4 time frame. Example attach period converter on M1 and set period multiplier to 10 to have a custom M10 chart. 
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Zigzag Auto Channel
OBAFEMI BABATUNDE DESMOND Obafemi
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Automatically draws channel base on zigzag, with option to draw zigzag based on candle wicks or close prices. All zigzag parameters can be adjusted in settings, option to display or hide zigzag also available, every other adjustable settings are self explanatory by their name, or at least so I believe.  Only download this indicator if you need a program to automatically plot channels for you based on zigzag of any specific settings. 
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Obaforex Symbol Changer
OBAFEMI BABATUNDE DESMOND Obafemi
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Seamlessly switch between different pairs from one window, while maintaining your current chart template across all pairs. This tools simply obtain all pairs in your market watch window and grant you the ease of switching between them from one window while maintaining your current chart setup and all loaded indicators and chart objects across all the pairs available in your market watch window. 
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Obaforex TrendLine Trader
OBAFEMI BABATUNDE DESMOND Obafemi
Obaforex TrendLine Trader is a tool developed to improve trading with trend lines.  This tool is highly functional and yet extremely simple and safe to use.  Simply draw trendlines and make them active for trading by renaming them based on what purpose you want them to serve. buy (to open a long trade based on the named line) sell (to open a short trade based on the named line) buytp (to close a buy trade at a price higher than current market price) buysl (to close a buy trade at a price lower t
Filtro:
faithdefender
1726
faithdefender 2021.12.13 02:11 
 

I am disappointed in this indicator so far. The Vendor is a gentleman and always got back to me soon after my questions. However, at this time I can only give it a 4 stars. It does add the x's to the charts, but so far they are not in an order that I can draw a trendline. At the moment I have 1 X on the 1 hr oil chart. 12-9-21 at 2200 hrs. I also have a standard fractal indicator on the same chart. The fractal indicator has provided three separate areas in which I can draw a trendline, but the Obaforex has just the one. . I will give it more time and try to update, but I wont complain too much because the price didnt break the bank. UPDATE 4-29-22. I have added a photo in the comments section where you can see an example of my dillema. Thank you for the follow-up. I had forgotten since I do not use the indicator often.

OBAFEMI BABATUNDE DESMOND Obafemi
4616
Respuesta del desarrollador OBAFEMI BABATUNDE DESMOND Obafemi 2022.04.29 09:44
You are yet to respond to my direct message over months now, please provide a screenshot of the problem you are having as i do not have same problem with the oil chart of my broker.
Respuesta al comentario
Versión 1.40 2020.12.26
Now users can choose between candle wicks and candle close for identification of tops and bottoms
Versión 1.30 2020.11.09
Added custom fractal mode