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Extrema Detector

7 588
Determines local maximums and minimums points in the chart.

Parameters:
  • lookback: number of candlesticks to look.
  • extrema_finder_sensivity: If lower, more extreme points will be found (may over-find).


Brief algorithm description:
Computes a Simple Moving Average (length=extrema_finder_sensivity), and searches for its local extremes.
Given some SMA extreme, it looks the previous extrema_finder_sensivity candlesticks to find the highest (or lowest value).

Notes:
Is a lagged indicator: determining if the current candlestick have reach a maximum can be delayed to, at most extrema_finder_sensivity-further candlesticks.

Sürüm Notları
Fix repaint.
- When a new candlestick is added, the previous plots are deleted (lookback line and min/max labels).

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.