Author: Vladmir Bocharov
The iMaxMinTrends indicator is a powerful tool designed for traders using MetaTrader 4. Its main function is to connect the daily, weekly, and monthly highs and lows with trend lines, helping you pinpoint the market's direction.
By plotting these critical levels directly on your chart, the indicator gives you a clear view of where the market is headed, especially on higher timeframes (greater than H4).
In the visuals below, you'll notice that:
- White lines represent daily highs and lows,
- Yellow lines indicate weekly highs and lows,
- Blue lines show monthly highs and lows, and
- Red lines mark half-year highs and lows.
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