Meet the Creator:
Serkov Alexandr
If you're on the lookout for a straightforward yet effective trading tool, let me introduce you to the Extrem_N indicator. This nifty piece of software helps you identify trends with ease, making it a great addition to your trading toolkit.
So, how does it work? The Extrem_N indicator determines a downtrend by checking if the current low is lower than the low from N bars back. On the flip side, it identifies an uptrend when the current high surpasses the high from N bars ago. You can easily adjust the check depth in the properties to suit your trading style.
This indicator shines when it comes to spotting rollbacks, allowing you to pinpoint those sweet entry points. Whether you're a seasoned trader or just starting out, the Extrem_N can enhance your trading strategy.
Originally crafted in MQL4, this tool first made its debut in the Code Base on September 9, 2014. It's been a reliable resource for traders ever since!
Fig.1. The Extrem_N indicator
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