Trends and Peaks [AgJ]

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Trends and Peaks [indicator]

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.
  

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ملاحظات الأخبار

[Added]

• Recent Low Parameter - cutoff to report peaks after a recent dip
  
• Added additional logic to increase accuracy of the peaks