The Trends and Peaks indicator is designed to identify and visualize trends and key peaks in the price series. It provides three main functions:
Trends The indicator detects the formation of trends in the price series and marks uptrend periods in green on the chart. This helps identify where the market is trending in a particular direction.
Peaks The indicator uses a combination of custom and standard indicators to identify significant peaks in the price action. It classifies these peaks into two categories:
Parabolic Stages: Where the price exhibits accelerated, parabolic growth or decline.
Localized Stages: Where smaller, local peaks occur within a broader trend.
Slowing Trend In parabolic stages, local peaks can serve as a signal of a slowing trend. As the price begins to plateau, the indicator helps identify areas where the trend might be losing momentum.
NOTE : The default settings are calibrated for BTC. If you're using the indicator on other assets, you may need to adjust the parameters for optimal performance.
Configuration notes
Peaks Settings
Cutoff Limits: Adjusts the width of the area where peaks are detected, allowing you to narrow or widen the peak detection range.
Peak Limits: Offers finer control over the peak detection formula, enabling more precise calibration of what is considered a "peak."
Trends Settings
Algo Parameters: Adjust the algorithm settings to fine-tune trend detection based on your preferences.
リリースノート
[Added]
Recent Low Parameter - cutoff to report peaks after a recent dip
Added additional logic to increase accuracy of the peaks