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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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Easy By Sell is a market indicator for opening and closing positions. It becomes easy to track market entries with alerts. It indicates trend reversal points when a price reaches extreme values ​​and the most favorable time to enter the market. it is as effective as a Fibonacci to find a level but it uses different tools such as an algorithm based on ATR indicators and Stochastic Oscillator. You can modify these two parameters as you wish to adapt the settings to the desired period. My othe
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Antes que nada, vale la pena enfatizar que este Sistema de Trading es un Indicador No Repintado, No Redibujado y sin Retardos, lo que lo hace ideal para el trading profesional. Curso en línea, manual del usuario y demostración. El "Sistema de Trading de Soporte y Resistencia Inteligente" es un indicador avanzado diseñado para traders nuevos y experimentados. Empodera a los traders con precisión y confianza en el mercado de divisas. Este sistema integral combina más de 7 estrategias, 10 indicado
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IX Power MT5
Daniel Stein
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IX Power   lleva por fin la insuperable precisión de FX Power a los símbolos que no son de Forex. Determina con exactitud la intensidad de las tendencias a corto, medio y largo plazo de tus índices, acciones, materias primas, ETF e incluso criptodivisas favoritas. Puede   analizar todo lo   que su terminal le ofrece. Pruébalo y experimenta cómo   tu timing mejora significativamente   a la hora de operar. Características principales de IX Power Resultados de cálculo 100% precisos y sin rep
Advanced Supply Demand MT5
Bernhard Schweigert
4.53 (15)
¡Actualmente con 33% de descuento! ¡La mejor solución para cualquier tráder principiante o experto! Este indicador es una herramienta comercial única, de alta calidad y asequible, porque incorpora una serie de características patentadas y una nueva fórmula. Con esta actualización, podrá mostrar zonas de doble marco temporal. No solo podrá mostrar un marco temporal más alto, sino también mostrar ambos, el marco temporal del gráfico MÁS el marco temporal más alto: MOSTRANDO ZONAS ANIDADAS. A todos
El panel de alertas RSI / TDI le permite monitorear los RSI a la vez (seleccionables por usted) en cada par principal que opere. Puedes usarlo de dos maneras: 1. Seleccione varios marcos de tiempo y el guión le mostrará cuándo hay varios marcos de tiempo que se extienden más allá de las condiciones comerciales normales. Un gran indicador de que el precio ha subido con fuerza recientemente, ya que ha alcanzado un nivel de sobrecompra o sobreventa en múltiples marcos de tiempo, por lo que p
Otros productos de este autor
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OBAFEMI BABATUNDE DESMOND Obafemi
4.5 (2)
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
5 (1)
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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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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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
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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
4573
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