Extreme Highs and Lows with Scale Prices - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources

Indicator with lines marking extreme values. The period input is used to determine the highest high and lowest low for the period. In this indicator, not only the highs and lows (OHLC) are used in the analysis, but also the bid and ask prices for each bar. The lookback chart is used to limit processing to a specific number of bars.

Another feature of this indicator is that it does not plot on breakouts of structural areas (breakouts of currently perceived higher highs or lower lows) by forcing parts of the lines to disappear during these periods. This way, it will only show lines on actual support and resistance areas. The feature is controlled by inputs, so if you wish, it will show lines for extreme prices and show the slope of the lines when the market is trending up or down.

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What’s new in version 2.0

- It uses an optimization that only considers the price movement of the current bar, which means the indicator works seamlessly on higher timeframes

- Removed unnecessary buffers

Attachment download

📎 extremes_with_tick_prices.mq5 (4.84 KB)

📎 extremes_with_tick_prices_v2.mq5 (5.47 KB)

Source: MQL5 #53354