You can compare the Renku bars to the price shown in the bottom window.
In this example, I have used Renku bars to smooth out price movements. the indicator then signals swing lows and highs.
Note that in the top window there are a number of indicators. Trendy was developed by @Bonavest (look him up on TradingView and Twitter). The code is proprietary, however I've found similar entry and exit signals using the freely available .