This indicator is to follow the trend. When the closing price breaks the trend line, it may mean that the trend has to be reversed. It is cashing well in the trend.
It has only two parameter settings.
Parameter setting:
deviation:15
"deviation" is Follow the distance between the current high and low points.
depth:24
"depth" is Depth of high and low points.
This is just the default parameter, you can optimize it in use.
