Extrem N Indicator
Info
The Extrem N Indicator is a Indicator for MetaTrader 5 that extrem n indicatora straightforward indicator designed to identify potential trend continuations or reversals based on price action over a specified number of bars. The indicator identifies a downtrend when the current low is lower than the low 'n' bars prior.
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 Extrem N Indicator
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
Extrem N IndicatorA straightforward indicator designed to identify potential trend continuations or reversals based on price action over a specified number of bars.
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: Trading Session Boxes Indicator for MT4/MT5 - another powerful indicator for MetaTrader 5 traders.
Extrem N IndicatorA straightforward indicator designed to identify potential trend continuations or reversals based on price action over a specified number of bars.
Also recommended: Extreme Price Filter: Identify and Avoid Market Traps - similar indicator with strong performance on MetaTrader 5.
The indicator identifies a downtrend when the current low is lower than the low 'n' bars prior. Conversely, it identifies an uptrend when the current high is higher than the high 'n' bars prior. The user can adjust the lookback period ('n') in the indicator's settings.
This indicator is particularly useful for pinpointing potential pullback entry points within established trends.
The indicator was originally developed in MQL4 and first released in 2026. It has been updated for MQL5 compatibility in 2026.
Illustration of the Extrem N Indicator
You may also like: ICT Kill Zones Indicator: Asian, London, New York in New York Time (2026) - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_plots 2
#property indicator_type1 draw_line
#property indicator_color1 clrlime
#property indicator_style1 style_solid
#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.