Peak Trough Analysis Tool MT5

Peak Trough Analysis - an excellent tool for the detection of peaks and valleys in the graph. Peak Trough Analysis can use three different algorithms detect peaks and troughs. These three algorithms include the original indicator Fractals Bill Williams, modified Fractals indicator and ZigZag indicator. You can use this tool for analyzing the peaks and troughs for the detection of patterns composed The equilibrium Fractal-wave processes. For further use there is a good guide to the use of this instrument for the analysis of the peaks and troughs in chapter 11 of the book "Introduction to Price Action and Pattern Trading" ( "Introduction to Price Action and trade of patterns"). This is a free utility that you can use this powerful tool to their advantage at your own risk.

Instructions for use

You can use it in three modes.

• Mode 1: Indicator Fractals Bill Williams


• Mode 2: Modified Fractals indicator


• Mode 3: the LED Zig Zag

To use an algorithm based on a modified indicator Fractals set "Use Modified Fractals" = true.

To use an algorithm based on the Zig Zag indicator set "Modified Fractals" = false.

To use an algorithm based on the original indicator Fractals Bill Williams set the "Use Modified Fractals" = true. Set N left = N right = 2.

Input parameters

1. modified Fractals Settings

• N left - N = number of bars counted left


• N right - N = number of bars counted right

2. Settings Zig Zag

Use the default settings unless you are familiar with the indicator ZigZag.

• ZigZag Depth - the depth of the zigzag


• ZigZag Deviation - deviation Zigzag


• ZigZag Backstep - the number of bars in history

3. General Settings

• Arrow Shift in Pixels - hand shift in pixels, default 10


• Use White Background Chart - use a white background graphics, true / false


• Enable sound alert - enable audible alarms, true / false


• Send email if peak or trough is found - to send email alerts when it detects a peak or trough, true / false


• Send notification if peak or trough is found - to send a notification when it detects a peak or trough, true / false

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