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Real Extremum

The indicator allocates extrema.

Works at all timeframes and tools.

Matter the indication 1 and-1, the others just inform on a tendency.

It is desirable to filter extrema other indicators, for example RSI.

The more the period, the is less than spurious signals.

There is an analogy to ZigZag, but this indicator remembers the previous extrema.

Parameters:

  Period - analysis depth (by default 120 candles).
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