Need help identifying an indicator from a webinar

hockeycoachdoug

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I was watching a recent webinar from TopTradeTools on their stoplight strategy and I need help trying to identify one of the indicators they use. They call it TOP Peaks and Troughs indicator, but all they usually do is rename an off the shelf indicator with their own name so I assume this is a generic indicator or at least pretty similar to something off the shelf. It appears to be the relationship between opens, closes, prior up or down close, etc. Any help is appreciated. Here's a couple screenshots from the webby.

Go-To-Webinar-017.png

Go-To-Webinar-012.png
 

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Thanks @MerryDay for your input. Those don't seem to be trying to accomplish what they are doing on the webinar. The indicator I am looking for appears to be sort of a trigger to be the entry if the other conditions are met. I think this indicator is measuring opens, closes, and their relationship with the prior bar such as prior bar closes down and in the bottom 25% of the bar and the next bar closes up and in the upper 25% or something along those lines, not a variation on linear regression like the Leavitt studies. I do appreciate your help and input however.
 

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