Peaks and Troughs v2

It is used to automatically detect and draw horizontal lines on a chart that represent price peaks and troughs based on analysis of historical price data.
The script allows the user to select the number of recent candles to analyze, the minimum gap between high and low, and the minimum number of candles needed to recognize a high or low.

It is a useful tool for traders who want to automatically detect and visualize important support and resistance levels on a chart, making it easier to make investment decisions based on technical analysis.
This also allows the user to interact via buttons on the chart to manage visibility and clear detected lines.

The set time period is important. If you are looking for support and resistance, it is worth considering showing the line on most intervals.
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Master Your Trading Discipline   Stop losing your hard-earned gains to overtrading and emotional decisions. The Discipline Tool is your ultimate trading assistant, ensuring strict risk management in real-time. Key Protection Features: Advanced Drawdown Defense : Automatically halts trading if your daily drawdown exceeds a preset threshold (percentage or dollar amount). Real-Time Equity Lock : Safeguard profits by referencing peak equity, ensuring drawdown stays within control. Hard Profit Target
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