ai s extremum
Info
The ai s extremum is a Indicator for MetaTrader 5 that the main task of this indicator is to estimate the probability that the high price has reached its maximum, or the minimum for the low price. first, the indicator collects statistics on historical price movements.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use ai s extremum
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
the main task of this indicator is to estimate the probability that the high price has reached its maximum, or the minimum for the low price.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: The MA C D with Price Extremums Definition - another powerful indicator for MetaTrader 5 traders.
the main task of this indicator is to estimate the probability that the high price has reached its maximum, or the minimum for the low price.
Also recommended: Extremum Indicator - similar indicator with strong performance on MetaTrader 5.
first, the indicator collects statistics on historical price movements. after that it analyses the current state of the market and compares it with the statistics. if the result of the analysis is positive, the indicator signals about it.the indicator can be used as an additional filter. if signals of one direction appear, there is a high probability that the price will go in the other direction.
indicator parameters:
iperiod
- period of the indicator. the minimum value is equal to 2.
history
- the number of bars in the history, for which the indicator collects statistics. if this parameter is equal to 0, the whole history is analysed. please note that a large value of this parameter can slow down the first start of the indicator.
percent
- defines the threshold of triggering of indicator signals. the higher it is, the less frequent the signals are.
the first start of the indicator may take some time. this is due to the fact that it collects statistics on historical data.
You may also like: day extremum zones - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "3.00"
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_plots 2
#property indicator_type1 DRAW_ARROW
#property indicator_label1 "Max"
#property indicator_color1 clrBlue
#property indicator_width1 3.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.