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v. 1.0 This indicator shows with maximum accuracy up to 1 bar the presence of an extremum on the chart, regardless of the timeframe. It has a flexible setting, how to use one value on all TF, and individually on each TF.
The appearance of the signal, of course, does not guarantee an unambiguous reversal of the trend, but it shows the trader that it is necessary to transfer his profitable positions to breakeven and partially close / fix the profit, or simply transfer to breakeven. The lower the timeframe, the more false signals. But using 3 screens with different TF for one trading pair will allow you to see the pivot points more accurately.
This indicator is already being improved and those who purchase it receive all updates for free.
Next, it is planned to display an indication of the strength of the pivot point at each extremum (in % or in color drawing). It will also be shown in advance that the formed pivot point, for example, is false, and it was all just a correction before further continuation of the trend.
Information on this indicator will be supplemented with text, pictures and videos about the use of this indicator in trading.
The indicator is not redrawn, except if the Candle parameter is set to 0. There will be a lot of false signals. The most optimal parameters are set in the indicator immediately upon loading.
09.11.2021 v. 1.01 The following changes have been made to the indicator:
1. Added the choice of the language of future messages/information – EN or RUS;
2. Added a choice of output of both a text message and sound along with it;
3. Lines have been added to the last extremes of the current timeframe that show the strength of this extreme.
Please note that if the price, after the appearance of a new extreme, crossed it after a while and went further, then this indicates the weakness of this extreme and it is just a correction and nothing more. In the future, this line will have an automatic calculation of the strength of this extreme in % relative to the current price and the opposite last extreme.
Perhaps, when switching timeframes, the indicator will not show information on the last extreme, but on the previous one. This is due to the fact that you may not have loaded the latest quotes for this currency pair, you need to switch to another timeframe and back, or press the F5 key. The indicator receives data on candles/bars from your chart.
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