PRIME

Market Extremes

Market Extremes is a super useful indicator that displays market extreme levels. Market extremes include:

• Market tops: A top must be not lower than the highs of N bars to its left and not lower than the highs of M bars to its right.
• Market bottoms: A bottom must be not greater than the lows of N bars to its left and not greater than the lows of M bars to its right.

An extreme level is intact until the market breaks the level (verified by a close), which makes the level turn from "intact" to "broken".

The indicator allows you to define the qualifying age of an extreme level: an extreme level is considered meaningful only if it is at least X bars old.

The "Smart Level Thickness" feature is super useful in helping you recognize how old a level is. An old level is thicker, and a young level is thinner. The thickness of a level is proportional to its age (measured in bars).

This amazing indicator will also alert you when the market approaches within a user-defined distance (in ticks) from the nearest extreme level.

Market Extremes works perfectly on any charts: minute, tick, volume, day, range, renko, ninZaRenko, KingRenko$...

• Draw intact extreme levels
• Draw broken extreme levels
• Allow defining the neighborhood of an extreme: how many bars to its left & how many bars to its right
• Allow defining lookback in bars or days
• Smartly adjust the thickness of a level to reflect its age
• Allow customizing styles for intact maximum & minimum levels separately
• Allow customizing styles for tested maximum & minimum levels separately
• Allow hiding tested levels
• Print a price label for each intact level
• Allow quick on/off indicator switch & alert switch via customizable & draggable toggles
• Trigger alerts on level proximity approach (in both modes: on bar close & on price change)