The large effective ratio

[rupiter]

Mr. Willain,

May I ask you another question? In your book in the chapter about Effective Ratio you wrote about calculating average value of peaks and troughs. Here is what I've got:



I made Effective Ratio Indicator (or at least I think I did), but how should I measure the peaks, for example? From lowest trough to trough, or from some intermediate one? And which peaks and troughs should I consider significant enough to use in calculations?