The indicator determines the strength of the trend and its possible reversal points, based on the author's arithmetic approach .
Each new peak or trough is a trend development. Such peaks and troughs are numbered so that the strength of the trend development can be seen. Attempts to change the trend are also numbered. This gives an understanding of a possible change in the direction of the trend. Indicator signals are generated when trying to change the trend .
In the settings, it is possible to adjust which particular attempt to change the trend is considered a signal. It is also possible to adjust the number of absorption of extremes to form a signal .
When the price moves in the direction of the trade, the maximum length of movement in points is displayed.
The indicator has a built-in alert system. The indicator is not redrawn, all actions take place after the candle closes.
Settings (given key settings):
- Ind_Period - indicator period .
- Extremum_Breakdown_Min - the minimum number of absorbed peaks or troughs required to form a signal .
- Change_Attempt_Min - minimum number of attempts to change the trend, on which the signal is formed .
- Text_Arithmetict - hide/show trend analysis figures .
- Alert_ID - unique name to identify alerts .
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