The idea of this indicator is very good, the red area can also be used as overbought, as an oscillator. There are just practical problems，Too much focus is placed on the rise, and the overbought during the fall has not been identified. For example 2018-05-04、 2018-07-25, there is no sign of the high point of the two times. If possible, is there any optimization plan? Thanks!
shtcoinr
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@AmberHK, thanks for the input, I guess you could adjust the smoothing in the settings to get a better picture for your timeframe. Currently I have no plans of adjusting it but the script is open so I encourage you to implement your own solution.
ilesanmipepsi
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Thanks for sharing this script! It's been added to my trading tool box.
the only thing is to define a direction where price will move after those red peaks))