We are glad to provide you the Extremum indicator which task is to measure price volatility for a certain period. Also with this indicator it is possible to look for excellent signals of availability of divergence. It is placed in the section Indicators - Divergence
it looks as following:
Settings of the indicator:
NBars - the number of bars of the indications used for calculation.
It is possible to trade on this indicator as follows:
We buy if the histogram roses above zero and became pink of color.
We sell if the histogram fell below zero and became yellow color.
Also by the indicator it is possible to trade divergence signals.
As we see, the Extremum indicator gives quite good points of entry during a trend. We wish you high profit.