Market Extremes

Overview

Market Extremes is a super useful indicator that displays intact and/or broken market extreme levels. In our opinion, this is an essential indicator if you trade on Renko charts, kind of a must-have for ninZaRenko and KingRenko$ charts.

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”.

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Media

Market Extremes

8 photos

Changelog