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Users can easily analyze past trends and determine their type by observing the trailing maximum/minimum behavior. For example, trailing maximums/minimums not making new higher high/lower low would indicate a ranging market.

The frequency of new higher high/lower low can also help determine how bullish/bearish a trend was.

🔶 SETTINGS

• Length: Determines the pivot high/low lookback, with higher values allowing to detect longer-term tops and bottoms.
  
• Backpaint: Determine if the indicator is subject to backpainting. Enabling this setting would offset the returned results in the past.
  

Oct 5, 2022

Release NotesMinor changes.

Jul 19, 2023

Release NotesThis update allows user to see non-backpainted results (by default). Previous mode for "Backpainting" is available within the settings of the indicator.

To update to the latest version, please refresh TradingView & then remove/re-add the indicator to your chart.