Beginner is a free custom technical indicator for Metatrader 4 and Metatrader 5 which shows the maximums and minimums in the market with precision. It can be helpful in breakout trading strategies.
As with all technical indicators, it is recommended to use the Beginner indicator in conjunction with other tools to improve the reliability of its trading signals.
-Aroon Period (normal value = 14): It is the period in the candles/bars in which the indicator must look at the highs and lows in the market trends. The larger the period, there will be fewer trading signals, and the smaller the period, the number of signals will increase.
-Mail Alert: With this option, the Metatrader 4 platform sends signals directly to the trader email whenever there is a crossover in the red and blue lines.