Charting and Studies User Guide - CQG.com

Page 603
A PeakOut, which only extends through the PeakMin line is called a local PeakOut, and is less
significant than a normal PeakOut signal. These local PeakOuts are to be relied upon more
heavily during sideways or corrective markets.
PeakOuts may be based on either the maximum line or the minimum line. Maximum PeakOuts,
however, are rarer and thus more significant than minimum PeakOuts. The magnitude of the
price move may be greater following the maximum PeakOut, but the likelihood of the break in
trend is essentially the same. Thus, our research indicates that we should react equally to a
PeakOut in a trendy market and a PeakMin in a choppy or corrective market.
For further information, see Danger Signals in Trading Guidelines.
Peak Oscillator Parameters
Peak Oscillator parameters are:
• Display
• Range: Starting and ending points for the calculation window.
• F: Number of standard deviations over the average PeakOscillator value at which the
local PeakOut line is set.
Charting and Studies User Guide