Azzx Larry Indicator

Azzx Larry Indicator draws on the graph point extrema algorithm which proposed by Larry Williams and described it in his book: "Long-Term Secrets short-term trading.

For those who do not read the book by Larry Williams, this article will fully explain the principle of these extremes can be very problematic, if short, the extremes of Larry Williams with something similar to "Fractals" Bill Williams, as being built on almost the same and the same principle, namely, maxima and minima, which are above and below the adjacent bars, respectively. The difference between the extremes of Larry Williams' and 'fractals', in that "Fractals" are constructed of a minimum of five bars, but extremes may be constructed of 3. But in this method of constructing extremes, there is one caveat, namely, the "inner bar" on the chart that the "inner bar" looks like this:

it is therefore an extreme point is transferred to another bar, these and other nuances of recorded data indicator Azzx Larry .

Indicator parameters:

parameter in only one indicator and it's called «HISTORY_DEPTH» which exhibits the number of bars in history, which will be calculated this indicator, if you put the number "0" , the indicator will calculate the extremes for the entire history of monetary instrument.

The use of trade:

because these extremes are similar to "Fractals" and are built almost on the same principle, then the method of trading in these extremes may be the same as in "Fractals" as described in the books by Bill Williams, ie, the breakdown levels.

To start, we're waiting for the extremum formed in one direction or another, with each point of the indicator, indicating the extreme has its own color. The color of a point depends on the "importance" extreme.

Points with color «Aqua» are the "weak", the input of these signals is associated with a greater risk with the data points on the graph the most.

Extremes of color «Blue» are stronger signals compared with the above, while the graph is much smaller and their breakdown of price levels these extremes is a strong signal to trade.

Most important is the extrema of the graph are indicated the points of color "DeepPink" , these extremes gives a trader the best entry point into the bargain, because entry into the market on these points is associated with minimal risk and maximum possible income. This increases the chance to make it a profitable trade.

Download Azzx Larry indicator for MT4