Check out my NOMMO AUTOMATE indicator for trend detection, trend change points, hedging opposite trend impulses.
What the script do: βοΈ Detecting local and global trends and trend change points, detecting opposite to current trend impulses.
How the script do it: βοΈ The indicator compares RSI indicators on chosen by user Trend TF1 and Trend TF2 and marks trend change points. βοΈ The indicator compares different length HMA indicators on chosen by user Hedge TF to detect opposite to current trend impulses.
How to use it: βοΈ 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. βοΈ 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. βοΈ Select Hedge TF to determine the possible impulses opposite to the current trend (does not work in detected Flat movement). βοΈ 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. βοΈ Try different settings, experiment and you will find the most suitable settings for your trading pair.