Market environment recognition using an indicator that reproduces the Dinapoli method applied, first an explanation of the indicator

A tool originated from the Dinapoli method's single-penetration reproduction process.　

From the moment the trend is detected and confirmed, it waits for the price to pull back to the Fibonacci lines 38.2 and 61.8 for that trend and aims for the rebound as a trend-following method. .
In that process we expressed the Fibonacci 38.2 and 61.8 lines as rectangles, and created this indicator.
Watching those rectangles, you can really sense the lines that are being watched, and you can also see various market conditions, which made me want to write this article.
In addition to this, it can display reversal signals, and high/low downtrends and uptrends signals, and it also has a feature that automatically draws the high and low 38.2, 61.8 lines that capture large waves.

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This is an attempt to recognize the market environment with the rectangles as described above.

It can also display descending lines and signals, and rising lines and signals as shown below.

The above is a rough explanation of the indicator.