Hey fellow traders! Today, let's dive into an exciting tool that can enhance your trading game: the ExtremPriceDistribution Indicator for MetaTrader 5. Developed by Khlystov Vladimir, this nifty indicator presents a vertical histogram that helps you visualize the distribution of extreme prices.
Before we get into the nitty-gritty, here’s a quick overview of the input parameters you’ll be working with:
//+----------------------------------------------+ //| Indicator input parameters | //+----------------------------------------------+ input string SirName="PriceDistribution";// The first part of the name of graphical objects input uint iPeriod=3000; // Calculation period input int Shift=-300; // Shift of the initial drawing level of the histogram input double Dev=1.0; // Histogram drawing scale input color PrColor=clrDodgerBlue; // Color of the number of prices
Originally crafted in MQL4, this indicator made its debut on the Code Base back on May 3, 2012. It’s been a trusted companion for traders looking to gain deeper insights into price movements.
Fig.1. The ExtremPriceDistribution indicator
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