TrEx H/L Trendlines [ETPINVEST]

TrEx H/L Trendlines - User Guide
🎯 WHAT IS THIS INDICATOR?
TrEx H/L Trendlines is a professional indicator for automatic search and display of price extremes with trendline construction.

🔍 WHAT IS IT USED FOR?
Main tasks:

• Extreme identification - automatic search for significant price highs and lows
  
• Trend analysis - building trendlines between found extremes
  
• Reversal point detection - identifying potential zones of direction change
  
• Structural analysis - understanding the internal structure of price movement
  

Who is it suitable for:

• 📈 Swing traders - for identifying key turning points
  
• ⚡ Day traders - for analyzing intraday structure
  
• 🎯 Scalpers - for precise local extreme identification
  
• 📊 Analysts - for structural market analysis
  

⚙️ HOW DOES THE ALGORITHM WORK?
1. Extreme search
The indicator uses a complex algorithm to find significant highs and lows through strictly defined candle combinations.

• Validation - verification of compliance with strict mathematical conditions
  

2. Filtering and alternation
Found extremes undergo additional processing:

• Selection of strongest - choosing the most significant extremes in each zone
  
• Ensuring alternation - correct sequence of highs and lows
  
• Time sorting - chronological ordering
  

3. Trendline construction
Based on filtered extremes, connecting lines are built:

• Sequential connection - linking all extremes in order
  
• Trend visualization - displaying overall movement direction
  
• Structure analysis - understanding internal movement waves
  

🛠️ DETAILED SETTINGS DESCRIPTION
📊 Extremes

Show Extremes

• Purpose: Enable/disable extreme display
  
• Default: Enabled
  

Upper Extreme Color

• Purpose: Color of upper extreme markers (highs)
  
• Default: Red
  

Lower Extreme Color

• Purpose: Color of lower extreme markers (lows)
  
• Default: Green
  

Analysis Depth

• Range: 50-300 bars
  
• Default: 200
  
• Purpose: Depth of historical analysis for extreme search
  
• Timeframe recommendations:
  - M1-M5: 100-150 bars
  - M15-H1: 150-250 bars
  - H4-D1: 200-300 bars
  

📈 Trendline

Show Trendline

• Purpose: Enable/disable trendline display
  
• Default: Enabled
  

Trendline Color

• Purpose: Color of trendlines connecting extremes
  
• Default: Yellow
  

Trendline Width

• Range: 1-5 pixels
  
• Default: 1
  
• Purpose: Thickness of trendlines
  

📈 PRACTICAL USAGE TIPS
🎯 Trading strategies

1. Trading from extremes

✅ Buy signal:

• Price approaches lower extreme (green marker)
  
• Reversal pattern forms on lower timeframe
  
• Confirmation by volume or other indicators
  

✅ Sell signal:

• Price approaches upper extreme (red marker)
  
• Reversal pattern forms on lower timeframe
  
• Confirmation by additional signals
  

2. Trend structure analysis

✅ Uptrend:

• Sequential higher highs and lows
  
• Trendlines directed upward
  
• Each new extreme higher than previous
  

✅ Downtrend:

• Sequential lower highs and lows
  
• Trendlines directed downward
  
• Each new extreme lower than previous
  

3. Trend reversal identification

⚠️ Reversal signals:

• Violation of extreme sequence
  
• Change in trendline slope
  
• Formation of divergences with oscillators
  

💡 Settings optimization

For scalping (M1-M5):

• Analysis Depth: 100-150
  
• Focus on fresh extremes
  

For day trading (M15-H1):

• Analysis Depth: 150-200
  
• Balance between history and relevance
  

For swing trading (H4-D1):

• Analysis Depth: 200-300
  
• Maximum analysis depth
  

🔍 Additional techniques

Combining with other tools:

• Oscillators - finding divergences at extremes
  
• TrEx S/R Levels - applying support and resistance levels
  

⚠️ IMPORTANT FEATURES
✅ Advantages:

• Automation - no manual extreme search required
  
• Mathematical precision - strict selection algorithms
  
• Universality - works on any assets and timeframes
  
• Ease of use - intuitive interface
  
• Trend analysis - automatic structure construction
  
• Real-time updates - on each candle close
  

⚠️ Limitations:

• Requires history - needs minimum 50 bars for operation
  
• Lag - extremes determined after their formation
  

🎯 CONCLUSION
TrEx H/L Trendlines is a powerful tool for automatic analysis of extremes and trend structure of the market. The indicator is perfect for studying price behavior and can serve as a foundation for developing trading strategies.