Check out my NOMMO AUTOMATE indicator for trend detection, trend change points, hedging opposite trend impulses.
What the script do: ☑️ Detecting local and global trends and trend change points, detecting opposite to current trend impulses.
How the script do it: ☑️ The indicator compares RSI indicators on chosen by user Trend TF1 and Trend TF2 and marks trend change points. ☑️ The indicator compares different length HMA indicators on chosen by user Hedge TF to detect opposite to current trend impulses.
How to use it: ☑️ There are 4 states in the indicator: Long, Short, Flat, Hedge, marked by corresponding (adjustable) color zones, where Long = uptrend, Short = downtrend, Flat = sideways movement, Hedge = possible impulse in the opposite trend direction. ☑️ Select Trend TF1 and Trend TF2 and RSI length to determine the trend, depending on how a big picture you want to see, the more major TF you choose the more global picture of the trend change you get. ☑️ Select Hedge TF to determine the possible impulses opposite to the current trend (does not work in detected Flat movement). ☑️ For each trading pair you need to try individual settings, the default settings I use for BTC swing trading, to reduce the noise level of hedging put Hedge TF the same as the smaller Trend TF. ☑️ Try different settings, experiment and you will find the most suitable settings for your trading pair.