Forex Beginner Indiсator - Forex Best indicators - forex best strategies - Forex best robots

 Beginner MetaTrader indicator

 a simple custom indicator that presents the local tops and bottoms in the chart with the red and blue dots near them. It analyzes the optimum and minimums on the specific duration then compares them to your range,
where the currency pair ended up being trading and when the top/bottom is significant sufficient it marks it utilizing the dot. This indicator redraws it self on restart and so shouldn't be used for producing trading signals since the dots' place may change. Both MT4 and MT5 versions of this indicator are available.

Input parameters:

   AllBars (default = 0) — the amount of bars to use for calculations (0 — all bars). There is no reason to change it.
    Otstup (default = 30) — the number of percents that are cut from the range before comparing maximums and minimums to determine their significance. The higher this number is the more frequent are the dots.
    Per (default = 9) — the period, on which the maximums and minimums are calculated at given moment. The higher is the number the fewer dots are drawn.

It is rather important to recognize that this indicator cannot be utilized for real trade signals. E.g. you can not offer whenever the red dot is set or purchase whenever the blue one set — you will end up losing. This indicator can just be properly used to quickly find the help and opposition points if you trade some breakout system or to develop your indicators.