Extremum - an indicator of volatility in the market
With Extremum indicator it is possible to construct the maximums and minimums of the price movement, applying a corridor of price volatility for a certain period. This will help to more accurately determine the moments to enter the market, improve the predictive accuracy of reversals.
It is recommended to pay attention to the moments of contraction volatility - indicator signal in this case more accurately determines the price reversal.
ForTrader.org comments: all in all Extremum indicator very reminiscent of MACD with some additions. Therefore, if we impose, for example, a moving average on it, we can get an additional signal filter.