AIS Extreme Value - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources

The main task of this indicator is to estimate the probability of the highest price reaching the maximum value or the minimum value of the lowest price.

First, the indicator collects statistics on historical price movements. Then analyze the current market situation and compare with statistics. If the result of the analysis is positive, the indicator sends a relevant signal.

This indicator can be used as an additional filter. If there is a signal in one direction, there is a high probability that the price will move in the other direction.

Indicator parameters:

The first launch of the indicator may take some time. This is because it collects statistics on historical data.

Use keyboard data

This library is an updated version of the ErrorDescription.mqh library published by MetaQuotes and contains some functions.

Source code written during the development of the library for creating multi-currency Expert Advisors combining multiple instances of different trading strategies.

Use functions instead of ChartXYToTimePrice and ChartTimePriceToXY to work correctly and quickly across the entire range of input parameters

Attachment download

📎 AIS_Extremum.mq5 (4.9 KB)

Source: MQL5 #65617