reverse min max
Info
The reverse min max is a Indicator for MetaTrader 5 that the indicator shows in the price chart the lowest top and the highest bottom over the last n periods. you can also use it to enable displaying the highest top and the lowest bottom.
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 reverse min max
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 indicator shows in the price chart the lowest top and the highest bottom over the last n periods.
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: nrtr (nick rypock trailing reverse) - another powerful indicator for MetaTrader 5 traders.
the indicator shows in the price chart the lowest top and the highest bottom over the last n periods. you can also use it to enable displaying the highest top and the lowest bottom.
Also recommended: Reverse Symbol Indicator - similar indicator with strong performance on MetaTrader 5.
it has three input parameters:reverse period
- period for calculating the highest bottom and the lowest top;
show min/max lines
- switch to display levels min/max (yes/no);
min/max period
- periof for calculating the min/max of the highest bottom and the lowest top.
calculations:
where:
hl - the highest bottom index over the reverse period;
lh - the lowest top index over the период reverse period;
hh - the highest top index over the min/max period;
ll - the lowest bottom index over the min/max period.
fig.1 displaying the highest max and the lowest min is disabled (by default)
fig.2 displaying the highest max and the lowest min is enabled
You may also like: reverse ma c d - excellent alternative for indicator users on MetaTrader 5.
Source Code
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⚠ 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.