utter_up_dn_revision - Indicator for MetaTrader 4

This indicator will be useful for traders who use the wave theory in their trading strategy, as well as for those who practice the non-indicator trading, based on the market structure.

The indicator shows the upper extremums by the maximums of the bars, and the lower ones by the minimums. It takes into account one bar on each side of the extremum. It only displays the actual extremums, ignoring the irrelevant data.