important_extremums - MetaTrader 5 Script - MT4/MT5 Resources

This indicator displays "important" extreme points on the price chart.

It has one input parameter:

 If High[i-1] >= MaxHigh and High[i-1] > High[i] - then it is the upper extreme value. If Low[i-1] <= MinLow and Low[i-1] 

Where

Figure 1. H1 time frame

Figure 2. Time frame H4
 Attachment download
 📎important_extremums.mq5 (9.23 KB)
 Source: MQL5 #20445
important_extremums - MetaTrader 5 script usage and filtering suggestions
 important_extremums - MetaTrader 5 script is a resource related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
 Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.