Hello!
I need someone to make this simple indicator which draws Peak and Trough for me in MT4.
Peak Definition
The highest price of each of the next 3 consecutive bars has to be equal or lower than the highest price of the peak bar. We are only concerned with the highest prices, regardless whether the price bars are bullish or bearish. Highest for previous bar has to be lower.
Trough Definition
The lowest price of each of the next 3 consecutive bars has to be equal or higher than the lowest price of the trough bar. We are only concerned with the lowest prices, regardless whether the price bars are bullish or bearish. Lowest for previous bar has to be higher.
Thanks in advance to whoever tries to help.
I need someone to make this simple indicator which draws Peak and Trough for me in MT4.
Peak Definition
The highest price of each of the next 3 consecutive bars has to be equal or lower than the highest price of the peak bar. We are only concerned with the highest prices, regardless whether the price bars are bullish or bearish. Highest for previous bar has to be lower.
Trough Definition
The lowest price of each of the next 3 consecutive bars has to be equal or higher than the lowest price of the trough bar. We are only concerned with the lowest prices, regardless whether the price bars are bullish or bearish. Lowest for previous bar has to be higher.
Thanks in advance to whoever tries to help.