This indicator shows Flag and Pennant patterns.
This pattern is seen as the market potentially just taking a “breather” after a big move before continuing its primary trend.
Trend detection uses linear regression, “breather” detection uses channel.
The Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force.Average Directional Movement Index (ADX)
The Average Directional Movement Index Indicator (ADX) helps to determine if there is a price trend.