Extreme Indications

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Vendor : TradeStudio

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Extreme Indication is a normal distribution-based indicator to look for trading extremes. indicator touching -3 SD are considered as negative extremes and very often lead to buying opportunities. and indicators touching +3SD are considered as positive extremes and selectively lead to selling opportunities.

Supported Software: Amibroker (32-Bit) – 6.0+ or higher version

Recommended Timeframe and Parameters

Lower Timeframe – 5min, 15min, Hourly, Daily
Parameters – 30

5min – Intraday Trades
15min – Very Short Term Carry Fwd Trades
Hourly – Positional Trades
Daily – Medium Term Trades

Higher Timeframe – Weekly, Monthly
Parameter – 10
Weekly & Monthly – Investing Purpose

This indicator can be used as a supportive indicator with existing studies or it can be used to time the entry/exit selectively.

Additional information


1 Month, 3 Months, 6 Months, 1 Year

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