hasan.tahir wrote: Sun Aug 16, 2020 8:40 am Hi,
Tested the Indicator.. There is a small issue. Since the scale for the indicator is not fixed, defining a fixed extreme values for Buy and Sell will result in plenty of false signals.. Please see attached image.. Ideally the signal should be generated where the arrow is pointing.. Is there a way to identify extreme values some other way?

Hi,

I can only make it that way. Set desire extreme levels , and when indicator would be crossing that level it draws one arrow per bar.

And the thing is you don’t know what the extreme point would be next . For example , imagine current bar indicator is at it’s highest value “Extreme level” or even higher, next bar is more extremier than previous , new extreme level... and so on... and you don’t know when it would fix an new highest level and then reverse towards low extreme level. On the way to low extreme it could even reverse back to making new high extremes ... you could only check history and based on that set desired extreme levels, as I’m thinking.


On the screenshot extreme levels set to 0.5 -0.5

Sincerely,
Sergei