Technical Indicators for MetaTrader 5

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MetaTrader 5

MT5 Experts MT5 Indicators MT5 Libraries MT5 Utilities

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Peaks and Troughs MT5

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Information

Indicators
MetaTrader 5
Pavel Verveyko
1.5
5

Overview

The indicator detects important peaks and troughs (extremes) on the chart.
These points can be used to plot support/resistance levels and trend lines, as well as any other graphical analysis.
These points can serve as reference points for setting trading orders.
The indicator does not redraw.

Settings:

  • Size_History - the size of the calculated history.
  • Num_Candles_Right - number of candles to the right of the peak or trough.
  • Num_Candles_Left - number of candles to the left of the peak or trough.
  • Type_Arrows_extremum - label style.
  • Send_Sound - sound alert.  
  • Send_Mail - send an email notification.  
  • Send_Notification - send a mobile notification.  
  • Send_Alert - standard terminal alert.

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