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Product Description
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$...
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)
Product Media
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I have been using the ninZa.co indicators for several months now and am very happy with what a valuable addition they have been to my charts. I recently decided to add one of the recently released indicators from ninZa.co. But after using for a few days, it wasn’t quite what I had been looking for. I contacted ninZa.co and had the pleasure of working with Hannah for an exchange to a different one of the many available indicators. At the time, the indicator I wanted to purchase to replace the one I had recently bought was on sale. Hannah put through an exchange and without my having to ask, gave me the advantage of the sale price. She also included a pdf that provided education about the indicator I chose to switch to. Any time I have had contact with one of the associates from ninZa.co, I have received excellent customer service, and will not hesitate to purchase from them again.
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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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