The indicator works well in a trending market but can give false signals when a market is trading in a range.
It uses the ATR ( ) as part of its calculation which takes into account the of the market.
The ATR is adjusted using the multiplier setting which determines how sensitive the indicator is.
At the same time we have another condition of how many candles in the past we want to take in order to get the min and the max values to build the trend.
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