Vasyl Ivanov | mTF Extremums

2024년 9월 22일

Extremums Indicator: Multi-Timeframe Highs & Lows Detection

This indicator is designed to help traders easily identify Highs and Lows across multiple timeframes on the same chart, providing a clear view of market extremes at different levels. With up to 5 timeframes supported and customizable settings, the Extremums Indicator offers flexibility and precision for traders looking to spot key reversal points.

Key Features:

• Detect Highs and Lows Across 5 Timeframes:
  The indicator detects and displays significant highs and lows across up to five different timeframes, allowing traders to monitor multiple levels of price extremes simultaneously.
  
  
• Customizable Colors for Each Timeframe:
  Easily differentiate between highs and lows from various timeframes by assigning a unique color to each timeframe. You can also switch off unnecessary timeframes to declutter your chart and focus only on the most relevant ones.
  
  
• Adjustable ATR Coefficient for Granularity:
  Fine-tune the granularity of the extremums by adjusting the ATR coefficient. This allows traders to control how precise the highs and lows are, making the indicator adaptable to different market conditions and trading styles.
  

How It Works:
The Extremums Indicator scans price action across multiple timeframes and highlights the most significant highs and lows:

• Select up to 5 different timeframes to track highs and lows, which will be displayed on the chart.
  
• Adjust the ATR coefficient to control the level of detail in detecting highs and lows. A higher coefficient will detect fewer, more significant extremums, while a lower coefficient will reveal more frequent ones.
  
• Customize the colors for each timeframe’s extremums, allowing you to easily distinguish between them and spot trends or reversals across different levels.
  

Use Cases:

• Multi-Timeframe Analysis: Detect highs and lows on various timeframes to get a comprehensive view of market structure and make more informed trading decisions.
  
• Trend Reversals: Use extremums to spot potential reversal points in the market across different timeframes, helping with entry and exit timing.
  
• Custom Charting: Adjust the appearance of extremums by changing colors or switching off unnecessary timeframes, keeping your chart organized and visually clear.
  

Why It’s Unique:
This indicator offers a powerful tool for multi-timeframe analysis, with customizable options that allow traders to adapt the extremums detection to their trading style and market preferences. By combining timeframe-specific extremums with adjustable ATR granularity, it provides a flexible and insightful way to track price extremes and potential reversals.

2024년 9월 23일

릴리즈 노트

Improved calculations in multi-timeframe mode

2024년 9월 25일

릴리즈 노트

Improved multi-timeframe calculations for long periods

2024년 10월 29일

릴리즈 노트

Improved the extremums detection algo

2024년 10월 30일

릴리즈 노트

Improved extremum detection for last few bars on chart. Default extremums distance changed to 2 ATR for better precision

1월 15일

릴리즈 노트

Improved efficiency

1월 16일

릴리즈 노트

Prevent calculations out of barstate.isconfirmed

7월 25일

릴리즈 노트

Improved extremums detection

7월 25일

릴리즈 노트

One more fix for extremums detection

7월 26일

릴리즈 노트

improved searching of a first extremum