Reverse Min Max
This software component for MetaTrader 5 is built to enhance the capabilities of your trading environment. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup 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.
Description & Settings
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.
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
