Max Trend Points [BigBeluga]

🔵 OVERVIEW
A clean and powerful tool for identifying major trend shifts and quantifying the strength of each move using dynamically calculated price extremes.

This indicator helps traders visualize the most significant trend changes by plotting trend direction lines and dynamically tracking the highest or lowest point within each trend leg. It’s ideal for identifying key price impulses and measuring their magnitude in real time.

🔵 CONCEPTS

• Uses an adaptive trend-following logic based on volatility envelopes created from HMA of the price range (high - low).
  
• Identifies trend direction and flips when price breaks above or below these dynamic envelopes.
  
• Tracks swing highs and lows within the current trend leg to highlight trend extremes.
  
• Calculates and displays the percentage gain or drop from trend start to trend peak/valley.
  

🔵 FEATURES

• Trend Shift Detection:
  Plots a colored trend line (uptrend or downtrend) that updates based on price action volatility.
  
• Impulse Mapping:
  Draws a dashed line between the point of trend change (close) and the current trend leg's extreme (highest high or lowest low).
  
• Percentage Labeling:
  Displays a floating label showing the exact percent change from the trend start to the current extreme.
  
• Real-Time Adjustments:
  As the trend progresses, the extreme point and the percent label update automatically to reflect new highs/lows.
  

🔵 HOW TO USE

• Look for the trend color shift and circular marker to identify a new potential trend direction.
  
• Use the dashed lines and percent label to evaluate the strength and potential maturity of each move.
  
• Combine this tool with support/resistance levels or other indicators to identify confluence zones.
  
• Adjust the "Factor" input to make the trend detection more or less sensitive depending on your timeframe.
  

🔵 CONCLUSION
Max Trend Points [BigBeluga] is an efficient visual indicator for understanding the structure and magnitude of trending moves. It provides essential feedback on how far a trend has traveled, where momentum may be peaking, and when a shift may be underway—all with real-time adaptability and clean presentation.