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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$...
Most traders end up running three or four tools together rather than one â our full lineup of the best NinjaTrader 8 indicators shows how they fit. Worth a browse before your next session.
Key Features
- 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)
Software Changelog
- 18 Dec 2022:The indicator was renamed to Market Extremes.
- 18 Sep 2020:Massive changes, fixes and improvements were made (DPI, display name, Z order, alert properties, chart info, property naming/positioning/grouping); alert popup was visually enhanced.
- 13 Dec 2019:An alert issue was fixed.
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Software license
Every purchase includes a perpetual software license, granting you the right to use the software indefinitely on the number of computers permitted by your license.
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Every purchase includes guided installation assistance.
Purchases with Premium Services also include white-glove software setup and onboarding, along with personalized trading setup and workflow optimization.
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Every purchase includes up to 3 complimentary remote assistance sessions, available within 30 days of purchase â with each session lasting up to 30 minutes.
Purchases with Premium Services include up to 6 sessions within 60 days of purchase, with priority scheduling and longer session durations.
Product exchange
Customers may request up to 3 product exchanges within 30 days of purchase, at little or no additional cost when exchanging for a comparable product.
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Returns & refunds
Due to the ease with which software products can be stored and copied, no returns will be accepted and no refunds will be issued.
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